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Waters (WAT Quote) ran lower Tuesday after the analytical instrument company slashed first-quarter sales guidance.
The Milford, Mass., maker of liquid chromatography, mass spectrometry and thermal analysis gear said sales will rise just 3%-4% from a year ago in its first quarter, well short of the company's 13% target. Waters also guided toward first-quarter earnings of 34 cents to 37 cents a share, down from the previous 44-cent projection.
The company emphasized the effect of a quarterly decline in Europe but said sales were weak elsewhere too. ...
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