Waters Corp (WAT) has made significant strides in sustainability, slashing emissions by 36% and progressing towards their ESG commitments. Stock of the firm has seen a robust upward movement, hitting 52-week highs multiple times with the highest being $395.68. Influential entities like Barclays PLC and State Street Corp have increased their stakes, indicating market confidence. The firm has continued to innovate, with their products driving strong Q3 performance, revenue growth and tripling manufacturing capacity with a new high-tech facility in the UK. However, there were also instances of underperformance when compared to competitors. The firm has raised its profit forecast after seeing strong demand for its lab tools. Newly launched sophisticated tools like the Alliance iS Bio HPLC System and ACQUITY QDa II Mass Detector are significantly contributing to business advancement. However, Waters Corp faced headwinds that led to a decrease in terms of year-over-year earnings and sales, citing reduced demand at one point. Significant acquisitions like that of Wyatt Technology have solidified Waters Corp's position in the life sciences market.
Waters Corp WAT News Analytics from Thu, 10 Dec 2020 08:00:00 GMT to Fri, 13 Dec 2024 11:18:31 GMT -
Rating 8
- Innovation 7
- Information 7
- Rumor -3
