Waters Corporation (WAT) Releases Earnings Results, Beats Expectations By $0.13 EPS

Waters Corporation (WAT) reported quarterly earnings results on Tuesday, Jul-26-2016. The company said it had a profit of $1.58 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.13. Analysts had a consensus of $1.45. The company posted revenue of $537.00 million in the period, compared to analysts expectations of $523.18 million. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.32 EPS.

Waters Corporation opened for trading at $149.01 and hit $150.9 on the upside on Wednesday, eventually ending the session at $150.58, with a gain of 1.20% or 1.79 points. The heightened volatility saw the trading volume jump to 2,96,242 shares. Company has a market cap of $12,188 M.

In a different news, on Jun 3, 2016, Eugene G Cassis (Chief Financial Officer) sold 20,000 shares at $139.36 per share price. According to the SEC, on Jun 3, 2016, Michael C Harrington (Sr VP, Global Markets) sold 23,200 shares at $139.09 per share price. On May 25, 2016, Mark T Beaudouin (VP and General Counsel) sold 30,000 shares at $137.41 per share price, according to the Form-4 filing with the securities and exchange commission.

Waters Corporation (Waters) is an analytical instrument manufacturer. The Company designs manufactures distributes and services instrument systems columns and other chemistry consumables that are integrated and used along with other analytical instruments. The Company has two segments: Waters Division and TA Division. The Waters Division’s products and services primarily consist of high performance liquid chromatography (HPLC) ultra performance liquid chromatography (UPLC and together with HPLC referred to as LC) mass spectrometry (MS) and chemistry consumable products and related services. TA Division’s products and services primarily consist of thermal analysis rheometry and calorimetry instrument systems and service sales. The Company’s products are used by pharmaceutical life science biochemical industrial nutritional safety environmental academic and governmental customers working in research and development quality assurance and other laboratory applications.

Waters Corporation

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