Waters Q4 Adj EPS $3.62 Beats $3.55 Estimate, Sales $819.47M Beat $815.03M Estimate
Portfolio Pulse from Benzinga Newsdesk
Waters Corporation (NYSE:WAT) reported Q4 adjusted earnings of $3.62 per share, surpassing the consensus estimate of $3.55, and sales of $819.47M, also beating the estimate of $815.03M. However, both earnings and sales saw a decrease compared to the same period last year.
February 06, 2024 | 11:51 am
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Waters Corporation reported higher-than-expected Q4 earnings and sales, but both metrics decreased compared to last year.
Beating earnings and sales estimates typically has a positive short-term impact on a company's stock price. However, the year-on-year decline in both earnings and sales might temper investor enthusiasm, suggesting a cautious optimism.
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