Investing.com - Waters reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Waters announced earnings per share of $1.15 on revenue of $464.9M. Analysts polled by Investing.com anticipated EPS of $1.47 on revenue of $493.39M. That with comparison to EPS of $1.6 on revenue of $513.86M in the same period a year before. Waters had reported EPS of $3.2 on revenue of $716.29M in the previous quarter. Analysts are expecting EPS of $1.96 and revenue of $556.27M in the upcoming quarter.
Waters shares are down 16% from the beginning of the year , still down 20.62% from its 52 week high of $245.68 set on January 22. They are under-performing the S&P 500 which is down 11.29% year to date.
Waters follows other major Technology sector earnings this month
Waters's report follows an earnings matched by Taiwan Semiconductor on Saturday, who reported EPS of $0.75 on revenue of $10.35B, compared to forecasts EPS of $0.75 on revenue of $10.32B.
Intel had beat expectations on Thursday with first quarter EPS of $1.45 on revenue of $19.83B, compared to forecast for EPS of $1.28 on revenue of $18.67B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar