Waters: Q1 Earnings Snapshot

MILFORD, Mass. (AP) — MILFORD, Mass. (AP) — Waters Corp. (WAT) on Tuesday reported first-quarter profit of $140.9 million.

On a per-share basis, the Milford, Massachusetts-based company said it had net income of $2.38. Earnings, adjusted for one-time gains and costs, came to $2.49 per share.

The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.60 per share.

The maker of products used in drug discovery and development posted revenue of $684.7 million in the period, which also did not meet Street forecasts. Seven analysts surveyed by Zacks expected $695.5 million.

For the current quarter ending in June, Waters expects its per-share earnings to range from $2.52 to $2.62. Analysts surveyed by Zacks had forecast adjusted earnings per share of $3.87.

The company expects full-year earnings in the range of $12.55 to $12.75 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WAT at https://www.zacks.com/ap/WAT