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)