Waters Q4 GAAP Profit Drops, But Adj. Earnings Beat View - Quick Facts

(RTTNews) - Waters Corp.'s (WAT) fourth-quarter 2013 GAAP net income fell to $141.58 million, or $1.65 a share, from $175.94 million, or $2.00 a share, in the 2012 period. However, quarterly non-GAAP earnings per share grew 7% to $1.70, from $1.59 in the fourth quarter of 2012. On average, 20 analysts polled by Thomson Reuters expected earnings per share of $1.61 for the quarter. Analysts' estimates typically exclude one-time items.

On the other hand, net sales for the three-month period came in at $565.4 million, up 8% from $522 million a year ago. In the quarter, sales grew 10% before the effects of foreign currency translation. Seventeen analysts estimated revenues of $535.69 million for the quarter.