NYSE:WATLife Sciences
Waters (WAT) Stock Rises On Revenue Surge While Losses Cloud Earnings
Waters stock jumped about 6% today, a sharp move for a steady life sciences instruments group, even though headline earnings showed a GAAP loss. The market is cheering one thing above all else: revenue surged to US$1.645b in the quarter, with the newly acquired Biosciences and Diagnostic Solutions businesses contributing US$817m and folding into the story faster than many expected.
The emotional gap is clear. Traders are reacting to proof that Waters can grow a much larger platform, while the...