21 de octubre de 2008 / 14:12 / en 9 años

UPDATE 1-Waters posts higher Q3 profit

* Q3 adjusted EPS of 79 cents vs. estimate of 74 cents

* Revenue rises 10 percent

* Sees Q4 EPS of $1.08 to $1.12 vs. estimate of $1.11

(Recasts; adds details, share movement)

Oct 21 (Reuters) - Waters Corp (WAT.N), which makes drug research tools, posted a 34 percent rise in quarterly profit, helped by in part by gains from foreign exchange.

The company reported third-quarter net income of $71.5 million, or 71 cents a share, compared with $53.3 million, or 52 cents a share, a year ago.

Excluding items, it earned 79 cents a share.

Revenue rose 10 percent to $386.3 million for the period, while foreign currency translation contributed 3 percent to the reported sales growth rate.

Analysts were expecting 74 cents a share, before items, on revenue of $390.3 million, according to Reuters Estimates.

The company, a bellwether of the research tools industry, forecast fourth-quarter earnings of $1.08 to $1.12 a share on revenue growth of about 4 percent.

Analysts were expecting earnings of $1.11 a share on revenue of $469.7 million for the period.

Shares of the Milford, Massachusetts-based company were trading down about 17 cents at $48.69 in morning trade on the New York Stock Exchange. (Reporting by Aradhana Aravindan in Bangalore; Editing by Anil D‘Silva)

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