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Waters 1Q Net Up 25% As Sales Keep Climbing

DOW JONES NEWSWIRES Waters Corp.'s (WAT) first-quarter profit jumped 25%, topping expectations, as sales climbed. The laboratory-equipment maker has reported improved results in recent quarters as demand has increased. Chairman and Chief Executive Douglas Berthiaume said the company's Asian business continued to expand while the pharmaceuticals market was benefiting from "an overall healthier spending environment." Waters reported earnings of $94.5 million, or $1.01 a share, up from $75.5 million, or 79 cents, a year earlier. Excluding restructuring costs, asset write-downs and tax benefits, earnings climbed to $1.04 a share from 81 cents. Sales rose for the sixth straight quarter, climbing 16% to $427.6 million, or 14% on a currency neutral basis. The company in January projected earnings of 90 cents to 95 cents on revenue of $400.8 million to $404.5 million. Gross margin remained at 60.3%. Shares closed Monday at $90.73 and were inactive premarket. The stock is up 30% over the past year. -By Ian Thomson, Dow Jones Newswires; 212-416-2314; ian.thomson@dowjones.com

Stock News for Waters (WAT)
DateTimeHeadline
08/24/201611:23:26Statement of Changes in Beneficial Ownership (4)
08/23/201614:34:00Waters and NIBRT Researchers Generate Reference Library for Released...
08/22/201616:01:33Statement of Changes in Beneficial Ownership (4)
08/22/201614:26:57Statement of Changes in Beneficial Ownership (4)
08/22/201614:21:57Statement of Changes in Beneficial Ownership (4)
08/18/201606:15:29Statement of Changes in Beneficial Ownership (4)
08/17/201610:00:00Waters Expands Microscale Separations Science Portfolio
08/17/201606:11:28Statement of Changes in Beneficial Ownership (4)
08/16/201610:00:00Waters Recognizes Dr. Sunghwan Kim of Kyungpook National University
08/16/201606:15:38Statement of Changes in Beneficial Ownership (4)
08/15/201608:30:00VICAM’s Afla-V AQUA Strip Test Receives USDA-GIPSA Certification f...
08/09/201606:15:15Statement of Changes in Beneficial Ownership (4)
08/05/201609:33:47Quarterly Report (10-q)
08/05/201606:54:50Statement of Changes in Beneficial Ownership (4)
08/02/201610:58:33Statement of Changes in Beneficial Ownership (4)
08/02/201610:39:30Statement of Changes in Beneficial Ownership (4)
08/01/201611:49:28Statement of Changes in Beneficial Ownership (4)
08/01/201611:43:13Statement of Changes in Beneficial Ownership (4)
07/26/201607:02:00Current Report Filing (8-k)
07/26/201606:50:00Waters Reports Second Quarter 2016 Financial Results

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