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Waters Corporation

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Keeping its winning streak alive, Waters Corp. again came up with solid first quarter results on the back of improved operational performance and high demand of its products across geographies. Earnings exceeded the Zacks Consensus Estimate by 18.6% and the year-ago figure by 31.5%. The company has been benefitting from the improving pharmaceutical industry, which is its largest single market and contributes significantly to total revenue. Going forward, the company remains optimistic about its growth going forward, backed by strength in the pharmaceutical markets and recurring revenues. Yet, business in Japan remained sluggish and currency translations affected its overall sales. In addition, increasing R&D expenses, which is expected to rise further, remains an overhang.


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