Waters Q3 Adjusted EPS $2.84 Beats $2.55 Estimate, Sales $711.69M Miss $723.35M Estimate
Portfolio Pulse from Benzinga Newsdesk
Waters Corporation (NYSE:WAT) reported Q3 earnings of $2.84 per share, beating the analyst consensus estimate of $2.55 by 11.37%. This is a 7.58% increase from the same period last year. However, the company's quarterly sales of $711.69 million missed the analyst consensus estimate of $723.35 million by 1.61%, a 0.44% increase from last year.
November 07, 2023 | 11:52 am
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NEUTRAL IMPACT
Waters Corporation's Q3 earnings beat estimates but sales missed. This mixed result could lead to uncertain short-term price movements.
Waters Corporation's earnings beat estimates, which is a positive signal for investors and could drive the stock price up. However, the missed sales estimate is a negative signal and could put downward pressure on the stock. These mixed signals make the short-term price impact uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100