Benzinga | Oct 27, 2020 07:54AM EDT

Recap: Waters Q3 Earnings

Shares of Waters (NYSE:WAT) moved higher by 0.1% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were up 1.41% year over year to $2.16, which beat the estimate of $1.93.

Revenue of $593,784,000 higher by 2.86% year over year, which beat the estimate of $546,490,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Waters hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Oct 27, 2020

Time: 08:00 AM

ET Webcast URL: https://wcc.on24.com/webcast/report?e=2628667&k=923EAEA8A44F94CB35686339210D693E

Technicals

Company's 52-week high was at $245.68

Company's 52-week low was at $154.39

Price action over last quarter: Up 1.75%

Company Description

Water offers liquid chromatography, mass spectrometry, and thermal analysis tools primarily to biopharmaceutical and other industrial customers. These analytical instruments provide essential information on various products, such as their molecular structures and physical properties, to help clients enhance the health and well-being of end users. For Waters, instruments/informatics, services, and consumables account for approximately 48%, 35%, and 17% of sales, respectively.