Waters sees 2014 market conditions 'as good or better' than last year The company adds that trends are encouraging in the U.S. Demand in India has stabilized and the company holds out optimism that it will continue to grow in 2014. Gradual global economy will hopefully continue and china will hopefully invest again in technological infrastructure. Comments taken from Q4 earnings conference call.
News For WAT From The Last 14 Days
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Waters narrows FY14 EPS view to $5.25-$5.40 from $5.25-$5.50 Consensus is $5.31. Organic sales growth at or above mid single digit range. Sees mid-to-high single digit top line growth in 2H. Sees government funded instrument sales in the U.S. increasing in 2H. Says governmental spending in China beginning to improve. Sees sales growth in Q3, Q4 that would result in FY14 constant currency mid single digit growth. Says still working to find a successor to CEO Douglas Berthiaume. Sees FY operating tax rate 14%-15%. Sees currency neutral to sales growth in FY. Sees FY gross margins 58.5%-59%.