Press release

What's Going On With Laboratory Instrument & Software Company Waters' Shares Today?

Waters Corporation (NYSE: WAT) shares are trading higher after the company reported the third quarter of FY23.

Waters reported a Q3 sales growth of 0.4% year-over-year to $711.69 million and down 4% on a constant currency basis, missing the consensus of $723.34 million.

Adjusted EPS was $2.84, beating the consensus of $2.55.

The Milford, Massachusetts-based company states that its gross margin expanded 240 basis points, and its adjusted operating income margin expanded 380 basis points.

Waters ...

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