Waters Corp. (WAT -0.4%) trades flat after its Q4 earnings met expectations, but the company cut...

|About: Waters Corporation (WAT)|By:, SA News Editor

Waters Corp. (WAT -0.4%) trades flat after its Q4 earnings met expectations, but the company cut guidance due to to a slowdown in its developed market segment. Net earnings rose 28% Y/Y, but were largely boosted by a tax benefit as the laboratory-equipment maker posted only modest revenue growth. For Q1, the company expects to earn between $1.07 - $1.12 per share, and for FY13 it see around $5.30 - $5.40 per share. Both are at the low end of Street estimates.