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Waters Corp Comments On Q2 2013 Revenue Guidance; Issues Q2 2013 EPS Guidance Below Analysts' Estimates; Lowers FY 2013 EPS Guidance-Conference Call

Tuesday, 23 Apr 2013 07:30am EDT 

Waters Corp announced that for second quarter of 2013, it expects organic sales growth to continue to be in the mid-single digits. Currency at today's rates would reduce sales by about 2% resulting in reported sales growth of about 3% to 4%. This brings non-GAAP earnings per fully diluted share (EPS) to be in the range of $1.18 to $1.23. For fiscal 2013, it expects non-GAAP earnings per fully diluted share are expected to be in the range of $5.15 to $5.25. This is $0.15 below the guidance from January and reflects the adverse impact of foreign currency translation at today's exchange rates. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $469 million and EPS of $1.25 for second quarter of 2013; EPS of $5.33 for fiscal 2013. 

Company Quote

-0.55 -0.54%
15 Sep 2014