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Waters Slashes FY24 Outlook - Update

RTTNews | 370 dagar sedan

Waters Slashes FY24 Outlook - Update

(RTTNews) - While reporting financial results for the second quarter on Wednesday, specialty measurement company Waters Corp. (WAT) slashes its adjusted earnings and sales growth outlook for the full-year 2024 and provided guidance for the third quarter, which was below analysts' estimates.

For fiscal 2024, the company now projects adjusted earnings in a range of $11.55 to $11.65 per share on sales decline of 2.2 to 0.7 percent, with organic constant currency sales decline of 2.0 to 0.5 percent.

Previously, the company expected adjusted earnings in the range of $11.75 to $12.05 per share on sales growth in a range of 0.0 to 2.0 percent, with organic constant currency sales between a decline of 0.5 percent and a growth of 1.5 percent.

On average, 18 analysts polled by Thomson Reuters expect the company to report earnings of $11.78 per share on sales decline of 0.10 percent to $2.95 billion for the year. Analysts' estimates typically exclude special items.

For the third quarter, the company expects adjusted earnings in a range of $2.60 to $2.70 per share on sales between a decline of 0.5 percent and growth of 1.5 percent, with constant currency sales growth of 1 to 3 percent.

The Street is looking for earnings of $2.89 per share on a sales growth of 3.2 percent to $734.53 million for the quarter.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Taggar: WAT

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Waters Slashes FY23 Outlook - Update

Waters Slashes FY23 Outlook - Update

While reporting financial results for the second quarter on Wednesday, specialty measurement company Waters Corp. (WAT) slashes its adjusted earnings and sales growth outlook for the full-year 2023 and provided guidance for the third quarter.

RTTNews | 734 dagar sedan

Waters Boosts FY23 Outlook - Update

Waters Boosts FY23 Outlook - Update

While reporting financial results for the first quarter on Tuesday, specialty measurement company Waters Corp. (WAT) raised its adjusted earnings and sales growth outlook for the full-year 2023 and provided guidance for the second quarter.

RTTNews | 819 dagar sedan

U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday. The Commerce Department said the trade deficit shrank to $60.2 billion in June from a revised $71.7 billion in May.

RTTNews | 18 minuter sedan

U.S. Trade Deficit Narrows Slightly More Than Expected In June

U.S. Trade Deficit Narrows Slightly More Than Expected In June

The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday.

RTTNews | 1h 23minuter sedan

Eurozone Private Sector Continues To Expand

Eurozone Private Sector Continues To Expand

Euro area private sector remained in the expansionary territory in July but the rate of growth remained sluggish as stagnant demand pulled back production, final survey results of the purchasing managers' survey by S&P Global showed on Tuesday. The HCOB composite output index rose to 50.9 in July from 50.6 in June. The flash reading was 51.0. A score above 50.0 indicates expansion.

RTTNews | 1h 25minuter sedan

Bay Street May Open Slightly Higher

Bay Street May Open Slightly Higher

Canadian stocks may open on a positive note Tuesday morning amid expectations of a rate cut by the Federal Reserve next month. The focus will be on trade talks between Canad and Mexico.

RTTNews | 1h 37minuter sedan

FTSE 100 Advances On Upbeat Earnings

FTSE 100 Advances On Upbeat Earnings

The UK market is modestly higher on Tuesday, extending gains from previous session, thanks to some upbeat corporate earnings announcements, and expectations that the Federal Reserve will cut interest rate in the near future to spur economic growth.

RTTNews | 2h 6minuter sedan

Pound Rises As Traders Await BoE Monetary Policy Meeting

Pound Rises As Traders Await BoE Monetary Policy Meeting

The British pound strengthened against other major currencies in the European session on Tuesday, as traders shift their focus to the Bank of England's (BoE) monetary policy announcement on Thursday.

RTTNews | 2h 16minuter sedan

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