Waters (NYSE:WAT) Third Quarter 2022 Results
Key Financial Results
Revenue: US$708.6m (up 7.5% from 3Q 2021).
Net income: US$156.0m (down 3.2% from 3Q 2021).
Profit margin: 22% (down from 25% in 3Q 2021). The decrease in margin was driven by higher expenses.
EPS: US$2.61 (down from US$2.63 in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Waters Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) also surpassed analyst estimates by 1.8%.
Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Life Sciences industry in the US.
The company's shares are up 1.7% from a week ago.
You should learn about the 1 warning sign we've spotted with Waters.
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