Waters Corporation up 8.3% on Better Than Expected Q4 Earnings
Waters Corporation (NYSE: WAT) is trading higher on the session following its Q4 earnings announcement. The company reported EPS of $1.56 vs $1.50 estimate and revenues of $521.4 million vs $517.23 million estimate.
CEO of Waters Corporation, Douglas Berthiaume said: “Our positive business momentum continued nicely in the fourth quarter with relatively balanced strength highlighting the results. The fourth quarter completed a very successful 2011 for Waters with double-digit revenue growth, faster earnings growth and very impressive cash generation.”
Waters Corporation is currently trading at $85.33, a gain of $6.57 or 8.34%.
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