Waters Corp. Q2 adjusted earnings Beat Estimates

Waters Corp. (WAT) released a profit for its second quarter that increased from last year.

The company's bottom line came in at $155.68 million, or $1.98 per share. This compares with $131.82 million, or $1.63 per share, in last year's second quarter.

Excluding items, Waters Corp. reported adjusted earnings of $152.97 million or $1.95 per share for the period.

Analysts had expected the company to earn $1.92 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.8% to $596.22 million from $558.25 million last year.

Waters Corp. earnings at a glance:

-Earnings (Q2): $152.97 Mln. vs. $142.23 Mln. last year.
-EPS (Q2): $1.95 vs. $1.76 last year.
-Analysts Estimate: $1.92
-Revenue (Q2): $596.22 Mln vs. $558.25 Mln last year.

Next quarter EPS guidance: $1.85 - $1.95
Full year EPS guidance: $8.05 - $8.20

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