Waters Corp. (WAT) Tops Q3 EPS by 23c, Revenues Beat

Waters Corp. (NYSE: WAT) reported Q3 EPS of $2.16, $0.23 better than the analyst estimate of $1.93. Revenue for the quarter came in at $594 million versus the consensus estimate of $546.49 million.

“We are pleased with our solid financial results in the third quarter, which were driven by growth across geographies, while we remain cognizant of the ongoing variability we expect to face in our end markets during the fourth quarter," commented Udit Batra, President and Chief Executive Officer of Waters Corporation. “Since joining the Company, I have been working diligently to assess Waters’ overall positioning and to identify key areas in need of improvement. I believe that Waters has established a solid foundation for growth and that we must now turn our focus to improving the consistency of our commercial execution and product development efforts. We will move swiftly, but deliberately, to reinvigorate our business and address those areas in which Waters has underperformed.”

For earnings history and earnings-related data on Waters Corp. (WAT) click here.

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