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Laboratory Instruments Company Waters Corp Projects Steady Growth Amid Global Sales Fluctuations: Details

Waters Corp (NYSE:WAT) reported fiscal first-quarter 2024 sales of $636.8 million, beating the analyst consensus of $635.6 million. Quarterly revenues declined 7%, as reported, and 9% in organic constant currency. The company reported adjusted earnings per share of $2.21, beating the Wall Street estimate of $2.10. Gross margin expanded 40 basis points, and adjusted operating margin extended 20 basis points in the quarter under review. Geographically, sales in Asia during the quarter decreased by 18%, as reported, and 16% in organic constant currency.  Sales in the Americas declined by ...