Waters: Q2 Earnings Insights - Waters (NYSE:WAT)

Waters WAT reported its Q2 earnings results on Tuesday, August 2, 2022 at 06:50 AM.

Here's what investors need to know about the announcement.

Waters beat estimated earnings by 3.38%, reporting an EPS of $2.75 versus an estimate of $2.66.

Revenue was up $32.67 million from the same period last year.

Last quarter the company beat on EPS by $0.48 which was followed by a 4.75% increase in the share price the next day.

Here's a look at Waters's past performance:

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	2.32	3.47	2.35	2.24
EPS Actual	2.80	3.67	2.66	2.60
Revenue Estimate	632.75M	821.04M	656.45M	621.52M
Revenue Actual	690.57M	836.45M	659.23M	681.65M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Waters management provided guidance for FY 2022, expecting earnings between $11.95 and $12.05 per share.

To track all earnings releases for Waters visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.