MILFORD, Mass. (AP) — MILFORD, Mass. (AP) — Waters Corp. (WAT) on Monday reported fourth-quarter net income of $225.2 million.
On a per-share basis, the Milford, Massachusetts-based company said it had net income of $3.77. Earnings, adjusted for costs related to mergers and acquisitions and amortization costs, came to $4.53 per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $4.50 per share.
The maker of products used in drug discovery and development posted revenue of $932.4 million in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $927.3 million.
For the year, the company reported profit of $642.6 million, or $10.76 per share. Revenue was reported as $3.17 billion.
For the current quarter ending in March, Waters expects its per-share earnings to range from $2.25 to $2.35.
The company said it expects revenue in the range of $1.2 billion to $1.21 billion for the fiscal first quarter.
Waters expects full-year earnings in the range of $14.30 to $14.50 per share, with revenue ranging from $6.41 billion to $6.46 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WAT at https://www.zacks.com/ap/WAT
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