Waters Q1 2024 Adj EPS $2.21 Beats $2.10 Estimate, Sales $636.839M Beat $635.578M Estimate
Portfolio Pulse from Benzinga Newsdesk
Waters Corporation (NYSE:WAT) reported Q1 2024 adjusted EPS of $2.21, surpassing the $2.10 estimate, with sales of $636.839M exceeding the $635.578M forecast. This represents a 6.99% decrease in sales compared to the same period last year.

May 07, 2024 | 10:53 am
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Waters Corporation reported a Q1 2024 EPS of $2.21, beating estimates, with sales of $636.839M also surpassing expectations but showing a 6.99% decrease from the previous year.
Beating both EPS and sales estimates typically has a positive short-term impact on a company's stock price, indicating better-than-expected financial health. However, the year-over-year decrease in sales might temper investor enthusiasm, suggesting a need to monitor future growth prospects closely.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100