Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Trickle Portfolio -- Ignore unavailable to you. Want to Upgrade?

To: smh who wrote (752)	7/24/2001 10:43:48 AM
From: tuck	Read Replies (1) \| Respond to of 1784

Not sure what to make of the GNSL situation; just got back. But WAT hitting its revised numbers OK, and they must have said something good during the CC. I will listen and report later. For now: >>MILFORD, Mass., Jul 24, 2001 (BUSINESS WIRE) -- Waters Corporation (NYSE: WAT chart, msgs) reported today that second quarter 2001 sales increased by 9% over prior year levels before unfavorable currency effects. After currency effects, reported sales growth was 5%. Earnings per diluted share (E.P.S.) were $0.29 for the quarter, representing a 4% increase over prior year E.P.S. of $0.28. Douglas A. Berthiaume, Chairman and Chief Executive Officer, said: "Consistent with our mid-June update, second quarter sales growth slowed from recent historical levels principally in our mass spectrometry product line. Demand for our quadrupole time-of-flight mass spectrometry products grew very strongly during the quarter, reflecting expanding interest from proteomics customers. However sales of our triple quadrupole products were flat and sales of other mass spectrometry products declined, resulting from both difficult prior year comparisons and slowed customer purchase decisions, particularly within large pharmaceutical accounts. Our HPLC product line continued to perform well with growth in the low double digits. Thermal analysis sales were down slightly as the industrial chemical customer base for this product line continued to be weak. Although second quarter results didn't achieve our original expectations, our profitability and financial position remain substantial, and we are optimistic about our future business prospects. We anticipate steady improvement in sales growth rates and profitability going forward." As communicated in a prior press release, Waters Corporation will webcast its second quarter 2001 financial results conference call this morning, July 24, 2001, at 8:30 a.m. eastern time. To listen to the call, connect to www.waters.com and access the investor relations section. A replay of the call will be available from today through July 30, 2001 similarly by webcast, and also by phone at 402-998-0680. Waters Corporation holds worldwide leading positions in three complementary analytical technologies - high performance liquid chromatography, thermal analysis and mass spectrometry - which account for $4 billion in annual revenues of the $18 billion analytical instrument industry total.<< snip Cheers, Tuck