Shares of Massachusetts-based Waters Corp. (WAT) lost 4.3% on Tuesday to close at $348.88, even though the company reported excellent financial results for the third quarter of 2021. The company offers specialty measurement instruments and solutions involving liquid chromatography, mass spectrometry, supercritical fluid chromatography, laboratory informatics, rheometry, microcalorimetry and thermal analysis. Adjusted earnings per share (EPS) increased 23% year-over-year to $2.66, beating the Street’s estimate of $2.37. Sales grew 11% to $659 million, surpassing analysts’ expectations of $657.24 million. During the quarter, Instruments sales rose 10% year-over-year to $296 million and Total Recurring sales surged 11% to $363 million.
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Waters (NYSE:WAT)
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