Waters Corp Expects Q3 Sales Growth Of 1%-3% Vs $769.19M Est, Adj EPS $2.50-$2.60 Vs $3.01 Est; FY23 Sales Growth 3%-4% (Prior 5.5%-7.5%) Vs $3.13B Est, Adj EPS 12.20-$12.30 (Prior $12.55-$12.75) Vs $12.45 Est
Portfolio Pulse from Benzinga Newsdesk
Waters Corp has revised its Q3 and FY23 sales growth and adjusted EPS estimates. The company now expects Q3 sales growth of 1%-3% against the previous estimate of $769.19M and adjusted EPS of $2.50-$2.60 against the previous estimate of $3.01. For FY23, the company now expects sales growth of 3%-4% against the previous estimate of 5.5%-7.5% and adjusted EPS of $12.20-$12.30 against the previous estimate of $12.55-$12.75.
August 04, 2023 | 10:55 am
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Waters Corp has revised its Q3 and FY23 sales growth and adjusted EPS estimates downwards. This could potentially impact the company's stock negatively in the short term.
Waters Corp has revised its Q3 and FY23 sales growth and adjusted EPS estimates downwards. This indicates that the company is not performing as well as previously expected, which could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100