Waters Corporation (NYSE:WAT) is set to announce third quarter earning results on Tuesday 27th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, WAT to report 3Q20 income of $ 1.93 per share.
For the full year, analysts anticipate top line of $ 2232.47 million, while looking forward to income of $ 8.09 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 2,431.00 million ~ $ 2,479.00 million, where as bottomline are predicted in a range of $ 9.15 ~ $ 9.40 per share
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Previous Quarter Performance
Waters Corporation recorded income for the second quarter of $ 2.10 per share, from the revenue of $ 519.98 million. The quarterly earnings contracted 1.87 percent while revenues reduced 13.22 percent compared with the same quarter last year.
According to street consensus, WAT was expected to report 2Q20 income of $ 1.54 per share from revenue of $ 496.86 million. The bottom line results beat street analysts by $ 0.56 or 36.36 percent, at the same time, top line results outshined analysts by $ 23.12 million or 4.65 percent.
Stock Performance
Shares of Waters Corporation traded low $ -0.03 or -0.01 percent on Friday, reaching $ 221.95 with volume of 364.90 thousand shares. Waters Corporation has traded high as $ 223.57 and has cracked $ 218.90 on the downward trend
According to the previous trading day, closing price of $ 221.95, representing a 43.78 % increase from the 52 week low of $ 154.39 and a 9.65 % decrease over the 52 week high of $ 245.68.
The company has a market capital of $ 13.74 billion and is part of the Healthcare sector and Diagnostics & Research industry.
Conference Call
Waters Corporation will be hosting a conference call at 8:00 AM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.waters.com
Waters Corporation, a specialty measurement company, provides analytical workflow solutions in Asia, the Americas, and Europe. It operates through two segments, Waters and TA. The company designs, manufactures, sells, and services high and ultra-performance liquid chromatography, as well as mass spectrometry (MS) technology systems and support products, including chromatography columns, other consumable products, and post-warranty service plans.
