Waters (WAT) Q2 Earnings & Sales Beat Estimates, Fall Y/Y

Waters Corporation (WAT) reported second-quarter 2024 non-GAAP earnings of $2.63 per share, beating the Zacks Consensus Estimate by 3.1%. However, the bottom line decreased 6.1% on a year-over-year basis. Net sales of$ 708.53 million topped the Zacks Consensus Estimate of $698 million. The figure fell 4% both on a reported basis and constant currency basis from the year-ago quarter's readings. Softness in the pharmaceutical, industrial, and government and academic markets was a major concern. The weakening ...