Waters Q2 2024 Adj. EPS $2.63 Beats $2.56 Estimate, Sales $708.529M Beat $700.079M Estimate
Portfolio Pulse from Benzinga Newsdesk
Waters Corporation (NYSE: WAT) reported Q2 2024 adjusted EPS of $2.63, beating the estimate of $2.56. Sales were $708.529 million, surpassing the $700.079 million estimate. However, both EPS and sales showed a decline compared to the same period last year.
July 31, 2024 | 10:51 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Waters Corporation reported better-than-expected Q2 2024 earnings and sales, but both metrics declined year-over-year. The EPS of $2.63 beat the estimate of $2.56, and sales of $708.529 million surpassed the $700.079 million estimate. Despite the beats, the YoY declines may concern investors.
While Waters Corporation beat both EPS and sales estimates, the year-over-year declines in both metrics may temper investor enthusiasm. The mixed results could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100