Why Waters Stock Is Skyrocketing 12.9% Today
Shares of Waters Corp. (NYSE: WAT) were surging 12.9% at 1:45 p.m. EDT on Wednesday after the company reported preliminary second-quarter revenue that was higher than expected, and news that it's hired a new CEO.
Demand for the healthcare company's life sciences instruments and supplies has fallen because of global COVID-19 shutdowns. In Q1, a 45% drop in China revenue because of COVID-19 restrictions caused global sales to fall 9.5% year over year to $465 million.
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Source Fool.com
