BUZZ-Waters Corp falls on dour quarterly profit outlook

Shares of lab equipment maker Waters Corporation WAT.N down 3.8% at $390 premarket

Co sees Q1 profit in the range of $2.17 and $2.25 per share, below Wall Street estimates of $2.42, hurt by a stronger dollar

Sees 2025 adj profit in the range of $12.7 to $13 per share, in line with analysts' estimates of $12.85

Expects around 7% hit to profit in Q1 and about 4% for 2025

Co earned more than half of its revenue in 2024 from markets in Asia and Europe

Co posts Q4 adj profit of $4.1 per share, beating analysts' estimates of $4.03, on strong demand for its products and services used in drug development and manufacturing

In the last 12 months, WAT rose 20.1%