Waters raises annual profit forecast on biosciences growth
The lab equipment maker increased its 2026 adjusted profit forecast to a range of $14.40 to $14.60 per share after exceeding quarterly revenue estimates. Growth was driven by strong demand for drug development tools and the performance of its recently acquired biosciences and diagnostics unit.
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WATERS CORP raised its 2026 profit forecast to a range of $14.40 to $14.60 per share following a quarterly earnings beat. The lab equipment maker increased its outlook from a previous high of $14.50 per share after shares climbed 12.7% to $340.13 in midday trading. The update signals that the integration of a major biosciences acquisition is accelerating growth faster than the market anticipated.
