By Dean Seal
Shares of Waters retreated after the company said foreign exchange rates would dent first-quarter revenue and offered guidance that missed Wall Street estimates.
The stock was down 6.9% at $377.51 after the market opened. Shares were trading at around $320 this time a year ago.
The maker of lab equipment and software said it expects sales to be up 1% to 4% in the first quarter. It would have been 4% to 7% were it not for a three-percentage-point headwind from foreign currency translation. Analysts polled by FactSet had been expecting a 5.7% gain.
Adjusted earnings for the first quarter are projected to hit $2.17 to $2.25 a share, shy of the $2.41 a share analysts had been forecasting, according to FactSet.
Full-year guidance was in line with analyst estimates, while the company's fourth-quarter results outperformed.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
February 12, 2025 09:54 ET (14:54 GMT)
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