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Waters raises annual profit forecast as biosciences unit drives growth - Regional Media News
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Waters raises annual profit forecast as biosciences unit drives growth - Regional Media News
By Sneha S K May 5 (Reuters) - Lab equipment maker Waters raised its annual profit forecast on Tuesday after beating quarterly estimates, driven by robust demand for drug development tools and the strong performance of its biosciences and diagnostics unit, acquired last year. Shares of the company were up 12.7% at $340.13. Waters supplies lab equipment and technology across the world, with the majority of its revenue coming from biopharma client…
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