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Waters 4Q Net Up 22% As Sales Rise; Results Top Views

DOW JONES NEWSWIRES Waters Corp.'s (WAT) fourth-quarter profit rose 22% and adjusted earnings topped its upbeat forecast as sales climbed and margins improved. The laboratory-equipment maker has reported improved results in recent quarters as demand has increased. Chairman and Chief Executive Douglas Berthiaume said Tuesday "strong uptake of our new system offerings, continued business expansion in Asian markets and an improvement in economic conditions drove sales growth" in the latest period. Waters posted a profit of $126.6 million, or $1.36 a share, up from $104.1 million, or $1.08 a share, a year earlier. Amortization of purchased intangibles and restructuring charges cut the latest-quarter's profit by 2 cents and the prior-year result by 4 cents. The company in October had forecast a profit of $1.28 to $1.33, exceeding analysts' estimates at the time. Net sales jumped 13% to $483.6 million. Analysts polled by Thomson Reuters had expected $465 million. Gross margin widened to 60.9% from 60.3%. Shares closed Monday at $78.26 and were inactive in premarket trading. Through the latest close, the stock is up 32% over the past year. -By Matt Jarzemsky, Dow Jones Newswires; 212-416-2240; matthew.jarzemsky@dowjones.com

Stock News for Waters (WAT)
DateTimeHeadline
08/21/201512:23:58Statement of Changes in Beneficial Ownership (4)
08/18/201511:07:43Statement of Changes in Beneficial Ownership (4)
08/07/201508:34:45Quarterly Report (10-q)
08/07/201506:08:13Statement of Changes in Beneficial Ownership (4)
08/06/201506:24:59Statement of Changes in Beneficial Ownership (4)
07/28/201507:16:37Current Report Filing (8-k)
07/28/201507:00:00Waters Reports Second Quarter 2015 Financial Results
07/07/201512:44:00Waters Corporation Q2 2015 Financial Results Webcast Invitation
07/01/201515:57:46Statement of Changes in Beneficial Ownership (4)
07/01/201515:55:12Statement of Changes in Beneficial Ownership (4)
07/01/201515:52:59Statement of Changes in Beneficial Ownership (4)
06/25/201510:24:04Waters Appoints Medtronic Veteran as New CEO
06/25/201509:16:06Current Report Filing (8-k)
06/25/201509:15:00Waters Corporation Announces Christopher J. O'Connell as Chief...
06/23/201515:17:23Annual Report of Employee Stock Plans (11-k)
06/19/201514:58:07Statement of Changes in Beneficial Ownership (4)
06/15/201500:01:00Waters Introduces the New ACQUITY Arc System, Designed as a Bridge...
06/11/201511:03:00Waters Welcomes Chang Gung University as Taiwan’s First Centers o...
06/11/201511:00:00Agilent Technologies and Waters Corporation Formalize Instrument...
06/04/201513:05:00Waters Corporation Presentation at the Goldman Sachs 36th Annual...

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