Revenue Update on Waters Corporation(NYSE:WAT)

Waters Corporation(NYSE:WAT) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $536.56M. Analysts estimated a revenue of $523.23M. Earnings per share were $1.58. Analysts had estimated an EPS of $1.45.

Waters Corporation (WAT) made into the market gainers list on Fridays trading session with the shares advancing 1.19% or 1.87 points. Due to strong positive momentum, the stock ended at $158.93, which is also near the day’s high of $159.4599. The stock began the session at $157.22 and the volume stood at 4,96,754 shares. The 52-week high of the shares is $159.46 and the 52 week low is $112. The company has a current market capitalization of $12,864 M and it has 8,09,41,488 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 3, 2016, Eugene G Cassis (Chief Financial Officer) sold 20,000 shares at $139.36 per share price.Also, On Jun 3, 2016, Michael C Harrington (Sr VP, Global Markets) sold 23,200 shares at $139.09 per share price.On May 25, 2016, Mark T Beaudouin (VP and General Counsel) sold 30,000 shares at $137.41 per share price, according to the Form-4 filing with the securities and exchange commission.

Waters Corporation (Waters) is an analytical instrument manufacturer. The Company designs manufactures distributes and services instrument systems columns and other chemistry consumables that are integrated and used along with other analytical instruments. The Company has two segments: Waters Division and TA Division. The Waters Division’s products and services primarily consist of high performance liquid chromatography (HPLC) ultra performance liquid chromatography (UPLC and together with HPLC referred to as LC) mass spectrometry (MS) and chemistry consumable products and related services. TA Division’s products and services primarily consist of thermal analysis rheometry and calorimetry instrument systems and service sales. The Company’s products are used by pharmaceutical life science biochemical industrial nutritional safety environmental academic and governmental customers working in research and development quality assurance and other laboratory applications.

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