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Waters Corp. Q3 adjusted earnings Beat Estimates

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

The company's bottom line came in at $161.2 million, or $2.60 per share. This compares with $126.8 million, or $2.03 per share, in last year's third quarter.

Excluding items, Waters Corp. reported adjusted earnings of $164.46 million or $2.66 per share for the period.

Analysts had expected the company to earn $2.35 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.9% to $659 million from $594 million last year.

Waters Corp. earnings at a glance:

-Earnings (Q3): $164.46 Mln. vs. $134.67 Mln. last year.
-EPS (Q3): $2.66 vs. $2.16 last year.
-Analysts Estimate: $2.35
-Revenue (Q3): $659 Mln vs. $594 Mln last year.

-Guidance:
Next quarter EPS guidance: $3.40-$3.50
Full year EPS guidance: $10.94-$11.04

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