BUZZ-Waters Corp falls on dour quarterly profit outlook

Reuters
02-12
BUZZ-Waters Corp falls on dour quarterly profit outlook

** Shares of lab equipment maker Waters Corporation WAT.N down 3.8% at $390 premarket

** Co sees Q1 profit in the range of $2.17 and $2.25 per share, below Wall Street estimates of $2.42, hurt by a stronger dollar

** Sees 2025 adj profit in the range of $12.7 to $13 per share, in line with analysts' estimates of $12.85

** Expects around 7% hit to profit in Q1 and about 4% for 2025

** Co earned more than half of its revenue in 2024 from markets in Asia and Europe

** Co posts Q4 adj profit of $4.1 per share, beating analysts' estimates of $4.03, on strong demand for its products and services used in drug development and manufacturing

** In the last 12 months, WAT rose 20.1%

(Reporting by Siddhi Mahatole)

((Siddhiprabhanjan.mahatole@thomsonreuters.com))

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