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Waters Corp. Q1 adjusted earnings Beat Estimates

Waters Corp. (WAT) announced earnings for its first quarter that increased from the same period last year.

The company's profit came in at $111.95 million, or $1.40 per share. This compares with $105.56 million, or $1.31 per share, in last year's first quarter.

Excluding items, Waters Corp. reported adjusted earnings of $126.49 million or $1.59 per share for the period.

Analysts had expected the company to earn $1.55 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.6% to $530.67 million from $497.70 million last year.

Waters Corp. earnings at a glance:

-Earnings (Q1): $126.49 Mln. vs. $117.62 Mln. last year.
-EPS (Q1): $1.59 vs. $1.46 last year.
-Analysts Estimate: $1.55
-Revenue (Q1): $530.67 Mln vs. $497.70 Mln last year.

Full year EPS guidance: $8.10 to $8.30

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