Waters and DuPont Beat Estimates, Unveil Below-Consensus Outlook
- August 02nd, 2023
- 385 views
Waters Corporation (NYSE: WAT) delivered strong second quarter 2023 results, reporting earnings per share (EPS) of $2.80 and revenues of $740.58 million, surpassing the consensus EPS estimate of $2.59 on revenue of $734.45 million.
Looking ahead, the company forecasts Q3 non-GAAP EPS to be in the range of $2.50 to $2.60, falling short of analysts' expectations of $3.01.
$WAT showed positive movement in pre-market trading, reaching $280.00, reflecting an increase of $5.60 (+2.04%).
In other news, DuPont de Nemours, Inc. (NYSE: DD) reported Q2 2023 adjusted EPS of $0.85 and revenue of $3.09 billion, outperforming the consensus EPS estimate of $0.83 on revenue of $3.03 billion.
However, the company revised its full-year 2023 adjusted EPS outlook downward to the range of $3.40 to $3.50, compared to the previous range of $3.55 to $3.70, and against the consensus estimate of $3.60.
$DD surged by $1.03 (+1.34%) to $78.07 in pre-market trading
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