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Waters 2Q Net Up 18% On Strong Asian Sales, New Products

DOW JONES NEWSWIRES Waters Corp.'s (WAT) second-quarter profit jumped 18% as revenue continued to climb. "Strong Asian sales and positive customer acceptance of our new product offerings highlighted Waters quarterly performance," Chairman and Chief Executive Douglas Berthiaume said. "Overall business trends in the quarter suggest solid underlying demand and continued support for our current product and market initiatives." The laboratory-equipment maker has reported strong results in recent quarters on higher demand. The company has seen business in Asia continue to expand as improved market conditions and new-product development have boosted overall sales growth. Waters reported earnings of $100.1 million, or $1.07 a share, up from $84.9 million, or 90 cents, a year ago. Excluding writedowns, tax adjustments and other items, earnings climbed to $1.08 from 93 cents. Sales rose for the seventh straight quarter, increasing 14% to $447.6 million. Foreign currency translation contributed 6% to sales growth. In April, the company forecast earnings per share of $1.10 and $1.15 on revenue of about $449.7 million, both higher than analyst estimates at the time. Gross margin widened to 60.7% from 60.3%. Research and development expenses increased 10%. Shares closed at $97.10 Monday and were inactive premarket. The stock is up 47% over the past 12 months. -By Nathalie Tadena, Dow Jones Newswires; 212-416-3287; nathalie.tadena@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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