Published on 7 May 2024 on Zacks via Yahoo Finance
Waters (WAT) Q1 Earnings & Sales Beat Estimates, Fall Y/Y
Waters Corporation WAT has reported first-quarter 2024 non-GAAP earnings of $2.21 per share, beating the Zacks Consensus Estimate by 5.2%. However, the bottom line decreased 11.2% on a year-over-year basis.Net sales of $636.84 million topped the Zacks Consensus Estimate of $634.35 million. The figure fell 7% on a reported basis and 9% at constant currency from the year-ago quarter’s readings.Softness in the pharmaceutical, industrial, and government and academic markets was a major concern. The weakening momentum in Asia was another headwind.Sluggishness in the Waters and TA segments was a negative. Nevertheless, the growing momentum in Europe was a positive.
Waters Corporation Price, Consensus and EPS Surprise