Waters Corp. (NYSE:WAT) showed a remarkable performance against competitors, despite recent losses, with its shares going up 3.96% on Sep 26. This better-than-expected performance appeared to outpace its underlying earnings growth over a five-year period, despite an earning fall year-on-year, hinted at in the Q2 2024 financial results. The market demonstrated strong support, with several institutional investors, including Mackenzie Financial Corp, Squarepoint Ops LLC, and American Century Companies Inc., increasing their positions in Waters.
Key appointments added to the positive cue, including Heather Knight's appointment to the Board of Directors. Heather's strategic and operational expertise would bring a valuable perspective to the company. On the innovative front, the company announced the development of GTxResolve Premier SEC Columns to accelerate gene-based therapeutics and a new Rapid Screening-DSC for faster thermal stability testing. Declining earnings in 2023, however, flagged headwinds for the company.
The firm's move to acquire Wyatt Technology, a Light Scattering leader, indicates strategic expansion and a commitment to fostering innovation. For its commitment to sustainability and equality, the company earned kudos from My Green Lab and the Human Rights Campaign Foundation, respectively.
Waters Corp WAT News Analytics from Thu, 11 Sep 2014 07:00:00 GMT to Thu, 03 Oct 2024 21:11:00 GMT - Rating 7 - Innovation 6 - Information 8 - Rumor 5
