Waters misses by $0.13, misses on revs; guides Q2 EPS below consensus; guides FY19 EPS below consensus (241.04)
- Reports Q1 (Mar) earnings of $1.60 per share, excluding non-recurring items, $0.13 worse than the S&P Capital IQ Consensus of $1.73; revenues fell 3.2% year/year to $513.9 mln vs the $545.82 mln S&P Capital IQ Consensus.
- Co issues downside guidance for Q2, sees EPS of $2.05-2.15, excluding non-recurring items, vs. $2.21 S&P Capital IQ Consensus. Co sees Q2 constant currency sales growth of +2-4%
- Co issues lowered guidance for FY19, sees EPS of $9.05-9.25 from $9.20-9.45, excluding non-recurring items, vs. $9.34 S&P Capital IQ Consensus. Co lowers constant currency sales growth to +2-4% from +4-6% prior guidance.