Waters gains on annual profit, revenue forecasts raise - WAT News | RalliesWaters gains on annual profit, revenue forecasts raise
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WAT• Waters raises annual outlook and tops quarterly profit estimates
- Shares of lab equipment maker Waters WAT.N rise 2.7% to $384.75
- Co raises annual adjusted forecast to $14.45 to $14.65 per share, compared with its previous forecast of $14.40 to $14.60
- Sees annual revenue of $6.42 billion to $6.48 billion, up from $6.41 billion to $6.46 billion previously
- Analysts on average expect 2026 adjusted profit of $14.51 per share and revenue of $6.44 billion, according to data compiled by LSEG
- Co posts Q2 adjusted profit of $3.05 per share, above analysts' average estimate of $3.01
- "The bar was high, and we think WAT met and beat elevated expectations" - Evercore ISI
- Including session's move, WAT up 2.7% YTD
