Latest News by Industry
MILFORD, Mass. (AP) — MILFORD, Mass. (AP) — Waters Corp. (WAT) on Friday reported third-quarter net income of $161.5 million.
On a per-share basis, the Milford, Massachusetts-based company said it had profit of $2.71. Earnings, adjusted for non-recurring costs and restructuring costs, were $2.93 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.68 per share.
The maker of products used in drug discovery and development posted revenue of $740.3 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $714.3 million.
For the current quarter ending in December, Waters expects its per-share earnings to range from $3.90 to $4.10.
The company expects full-year earnings in the range of $11.67 to $11.87 per share.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WAT at https://www.zacks.com/ap/WAT