January 22, 2008 / 3:15 PM / 12 years ago

Waters 2008 profit outlook trails Wall Street

Jan 22 (Reuters) - Waters Corp (WAT.N), a maker of instruments used in drug research, forecast 2008 earnings below Wall Street’s view, after posting weak fourth-quarter 2007 results.

The Milford, Massachusetts-based company sees fiscal-2008 earnings of $3.20 a share, excluding items, while it expects to earn 63 cents a share in the first quarter.

First-quarter sales are expected to grow about 13 percent, the company said in a conference call.

Analysts on average expected earnings of 67 cents a share for the quarter and $3.31 for the year, excluding items, according to Reuters Estimates. (Reporting by Aradhana Aravindan in Bangalore; Editing by Pratish Narayanan)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below