Massachusetts-based analytical laboratory instrument and software firm Waters Corp. (WAT) has reported strong financial results for the second quarter of 2021. The company offers thermal analysis, mass spectrometry and chromatography solutions. Adjusted earnings per share (EPS) increased 24% year-over-year to $2.60, beating the Street’s estimate of $2.24. Quarterly sales grew 31% to $682 million, surpassing analysts’ expectations of $621.52 million. During the quarter, sales into the pharmaceutical market rose 34% year-over-year; sales into the industrial market climbed 33%; and sales into the academic and government markets surged 10%.
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Waters (NYSE:WAT)
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