Waters Corp. Q2 Profit Increases, Beats Estimates

(RTTNews) - Waters Corp. (WAT) revealed a profit for its second quarter that Increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $147.11 million, or $2.47 per share. This compares with $142.74 million, or $2.40 per share, last year.

Excluding items, Waters Corp. reported adjusted earnings of $175.88 million or $2.95 per share for the period.

Analysts on average had expected the company to earn $2.94 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 8.9% to $771.33 million from $708.53 million last year.

Waters Corp. earnings at a glance (GAAP) :

-Earnings: $147.11 Mln. vs. $142.74 Mln. last year. -EPS: $2.47 vs. $2.40 last year. -Revenue: $771.33 Mln vs. $708.53 Mln last year.

-Guidance: Next quarter EPS guidance: $3.15 to $3.25 Full year EPS guidance: $12.95 to $13.05