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Waters Q2 Earnings Call Highlights
['Mitch Edgeman']
Markets Daily
The company raised its full-year outlook for organic revenue, acquired-business revenue and adjusted earnings per share after results exceeded its prior guidance.
Get alerts:Adjusted earnings per share rose 3% to $3.05, at the high end of Waters’ guidance range.
Outlook RaisedWaters raised its full-year organic constant-currency revenue growth outlook to 7% to 9%.
Total reported revenue is projected to be $6.415 billion to $6.476 billion, while adjusted EBIT margin is expected to remain 28.2%.
For the third quarter, Waters expects total reported revenue of $1.745 billion to $1.762 billion and adjusted EPS of $3.95 to $4.05.