Waters Corp. Q2 adjusted earnings Beat Estimates

(RTTNews) - Waters Corp. (WAT) announced a profit for second quarter that decreased from the same period last year.

The company's bottom line came in at $122.93 million, or $1.98 per share. This compares with $144.41 million, or $2.08 per share, in last year's second quarter.

Excluding items, Waters Corp. reported adjusted earnings of $130.46 million or $2.10 per share for the period.

Analysts had expected the company to earn $1.54 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 13.2% to $519.98 million from $599.16 million last year.

Waters Corp. earnings at a glance:

-Earnings (Q2): $130.46 Mln. vs. $148.90 Mln. last year. -EPS (Q2): $2.10 vs. $2.14 last year. -Analysts Estimate: $1.54 -Revenue (Q2): $519.98 Mln vs. $599.16 Mln last year.