Benzinga | Jul 28, 2020 10:32AM EDT

Recap: Waters Q2 Earnings



Shares of Waters (NYSE:WAT) fell 0.6% after the company reported Q2 results.

Quarterly Results

Earnings per share decreased 1.87% year over year to $2.10, which beat the estimate of $1.52.

Revenue of $519,984,000 decreased by 13.21% from the same period last year, which beat the estimate of $489,930,000.

Outlook

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

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

How To Listen To The Conference Call

Date: Jul 28, 2020

Time: 08:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Fwaterscorporation.gcs-web.com%2Fevents%2Fevent-details%2Fwaters-corporation-q2-2020-financial-results&eventid=2396380&sessionid=1&key=633A8AEAF2CBCE144A3C8D6FAD565CA3&regTag=&sourcepage=register

Recent Stock Performance

52-week high: $245.68

52-week low: $154.39

Price action over last quarter: Up 18.09%

Company Overview

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.