Waters Corp. is making significant strides in the market with increased demand and solid performances driving up its stock value. Investment groups, such as Janus Henderson Group and PEAK6 Investments have been upping their stake in the company. A new state-of-the-art manufacturing facility in Longbridge, UK, has tripled Waters' manufacturing capacity. The company is also welcoming Heather Knight to its Board of Directors. Despite facing some headwinds, it's anticipated performance resulted in raising their annual profit forecast on the back of higher demand for lab equipment. Earnings and revenue estimates for Q3 have been beaten, coupled with increased guidance for Q4 2024. Waters also showcased lab-centric software designed to deliver business intelligence and ensure audit-readiness. Noticeable is the on-going positive trend in the company's relative strength. However, it’s worth highlighting that there are still some concerns about whether the firm's stock performance is congruent with the underlying earnings growth.
Waters Corp WAT News Analytics from Mon, 12 Jun 2023 07:00:00 GMT to Thu, 05 Dec 2024 22:07:00 GMT -
