Plus   Neg

Waters Slashes FY19 Outlook - Quick Facts

While reporting financial results for the third quarter on Tuesday, Waters Corp. (WAT) slashed its adjusted earnings and constant currency sales growth outlook for the full-year 2019 and initiated guidance for the fourth quarter.

For fiscal 2019, the company slashed its adjusted earnings guidance to a range of $8.73 to $8.83 per share from the prior range of $8.95 to $9.10 per share.

The company also now projects full-year 2019 constant currency sales growth of about 1 percent, down from the prior growth range of 1 to 3 percent. Currency translation currently is expected to decrease full-year sales growth by 1 to 2 percentage points.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $9.02 per share on sales growth of 0.80 percent to $2.44 billion for the year. Analysts' estimates typically exclude special items.

For the fourth quarter, the company expects adjusted earnings in a range of $2.95 to $3.05 per share on constant currency sales growth in the range of flat to 2 percent. Currency translation is currently expected to decrease quarterly sales growth by 1 percentage point.

Analysts expect the company to report earnings of $3.23 per share on sales of $734.41 million for the quarter.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Hongkong Sun Rise Trading Ltd. has recalled about 151,400 units of Kobalt Cordless Electric chainsaws and about 106,520 units of Kobalt Cordless Electric pole saws for possible laceration hazard, according to two separate statements issued by the U.S. Consumer Product Safety Commission. These include 1,400 chainsaws and 120 pole saws sold in Canada. Branded food company Hormel Foods Corp. (HRL) announced Friday that its Hormel Black Label Breakfast Food Truck will hit the road with free sample event of the popular brand's new Hormel Black Label Oven-Baked Egg Bites. The samples come in three variants - with Bacon, with Chorizo and with Bacon and... United Airlines has rolled out an interactive online "Map Search" feature for its customers in collaboration with search giant Google. The new feature is powered by Google Flight Search Enterprise Technology. United is claimed to be the first airline in the U.S. to add this feature. The new feature, available on United.com, allows customers to easily search, compare and purchase flight tickets.
Follow RTT