Waters Corp (NYSE:WAT) shares dropped over 13% after the company’s first-quarter profit forecast of $2.25 to $2.35 per share fell short of analyst estimates of $2.51 per share. Despite this, the company’s full-year adjusted profit forecast of $14.30 to $14.50 per share was slightly above analyst expectations, and its fourth-quarter adjusted profit and revenues exceeded estimates.
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Waters Corp shares drop as Q1 profit forecast falls short of estimates
Waters Corp (NYSE:WAT) shares dropped over 13% after the company’s first-quarter profit forecast of $2.25 to $2.35 per share fell short of analyst estimates of $2.51 per share. Despite this, the company’s full-year adjusted profit forecast of $14.30 to $14.50 per share was slightly above analyst expectations, and its fourth-quarter adjusted profit and revenues exceeded estimates.