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Stock impact report

Waters forecasts first-quarter profit below estimates on stronger dollar [Yahoo! Finance]

Waters Corporation (WAT) 
Last waters corporation earnings: 4/28 06:50 am Check Earnings Report
Company Research Source: Yahoo! Finance
In This Article WAT (Reuters) - Waters Corp forecast first-quarter profit below Wall Street estimates on Wednesday as it sees an impact from a strengthening U.S. dollar, sending the company's shares down about 10% in premarket trade. The lab equipment maker expects adjusted profit between $2.17 and $2.25 per share, below analysts' average estimate of $2.42 per share, according to data compiled by LSEG. The company sees an around 7% hit to profit from a stronger dollar in the first quarter and about 4% for the year. It also forecast 2025 adjusted profit between $12.70 and $13.00 per share, in line with analysts' expectations of $12.85 per share. Waters earned more than half of its revenue in 2024 from markets in Asia and Europe. Typically, a stronger dollar eats into the profits of companies that have sprawling international operations and convert foreign currencies into dollars. However, Waters beat expectations for fourth-quarter profit and revenue on strong demand f Show less Read more
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