Waters soars after raising annual profit forecast

Waters

01/11/2024 13:53

** Shares of lab equipment and software maker Waters  WAT.N 
rise 17.1% to $378.40, its highest since 2021
    ** Co raises its annual adj. profit forecast to $11.67 to
$11.87 per share, from $11.55 to $11.65 per share
    ** WAT reports Q3 adj. profit of $2.93/shr vs analysts'
average estimate of $2.68/shr - LSEG
    ** The earnings were driven by new product adoption and
improved consumer spending trends, said CEO Udit Batra
    ** Stock up 13.6% YTD

 (Reporting by Christy Santhosh)
 ((Christy.Santhosh@thomsonreuters.com))