Waters Corp. Q3 Profit Beats Estimates

(RTTNews) - Waters Corp. (WAT) released a profit for third quarter that beat the Street estimates.

The company's earnings totaled $156.00 million, or $2.60 per share. This compares with $161.19 million, or $2.60 per share, in last year's third quarter.

Excluding items, Waters Corp. reported adjusted earnings of $158.84 million or $2.64 per share for the period.

Analysts on average had expected the company to earn $2.57 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.5% to $708.56 million from $659.23 million last year.

Waters Corp. earnings at a glance (GAAP) :

-Earnings (Q3): $156.00 Mln. vs. $161.19 Mln. last year. -EPS (Q3): $2.60 vs. $2.60 last year. -Analyst Estimates: $2.57 -Revenue (Q3): $708.56 Mln vs. $659.23 Mln last year.

-Guidance: Next quarter EPS guidance: $3.66 to $3.76 Full year EPS guidance: $11.85 to $11.95