WatersNYSE: WAT

WAT's third-quarter 2024 results show growth in the pharma and industrial sectors. A dip in China sales creates headwinds.

Waters Corp. (WAT) saw its shares jump by almost 20% on Friday, making it the best performer in the S&P 500 for the day. This increase followed the company's announcement of third-quarter sales and earnings that exceeded what analysts had expected.

After two days of poor trading, major U.S. stock indexes ended the week positively, rising on Friday. Investors were encouraged by strong earnings reports from Amazon, a giant in e-commerce and cloud computing.

Waters Corp increased its yearly profit prediction after surpassing Wall Street's expectations for third-quarter earnings and revenue on Friday. This improvement was due to higher demand for its products and services used in drug development and research.

Waters Corporation reported sales of $740 million for the third quarter of 2024, surpassing expectations with a 4% increase in both reported and constant currency. All regions and end markets, particularly Pharma & Industrial, showed growth, while recurring revenue rose by high single digits in constant currency. The company also raised its full-year sales and earnings per share guidance, anticipating 5% to 7% growth in constant currency for the fourth quarter.

Waters Corporation (NYSE:WAT) will hold its Q3 2024 Earnings Conference Call on November 1, 2024, at 8:00 AM ET. The call will feature company representatives, including Caspar Tudor, Udit Batra, and Amol Chaubal, along with analysts from various financial firms. Participants will be in listen-only mode until the Q&A session starts.

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Waters (WAT) has the right mix of two important factors that could lead to a strong earnings report soon. Be ready for the main expectations.

Waters (WAT) has a strong track record of surprising with its earnings and currently has the right mix of factors that suggest it may exceed expectations in its upcoming quarterly report.