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Waters: Q2 Earnings Snapshot
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MILFORD, Mass. (AP) — MILFORD, Mass. (AP) — Waters Corp. (WAT) on Tuesday reported a loss of $136 million in its second quarter.

The Milford, Massachusetts-based company said it had a loss of $1.39 per share. Earnings, adjusted for amortization costs and restructuring costs, were $3.05 per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.01 per share.

The maker of products used in drug discovery and development posted revenue of $1.65 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $1.62 billion.

For the current quarter ending in September, Waters expects its per-share earnings to range from $3.95 to $4.05.

The company said it expects revenue in the range of $1.75 billion to $1.76 billion for the fiscal third quarter.

Waters expects full-year earnings in the range of $14.45 to $14.65 per share, with revenue ranging from $6.42 billion to $6.48 billion.

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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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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