MILFORD, Mass. (AP) _ Waters Corp. (WAT) on Tuesday reported first-quarter earnings of $159.8 million.

On a per-share basis, the Milford, Massachusetts-based company said it had profit of $2.62. Earnings, adjusted for research and development costs and restructuring costs, were $2.80 per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.32 per share.

The maker of products used in drug discovery and development posted revenue of $690.6 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $632.9 million.

For the current quarter ending in July, Waters expects its per-share earnings to range from $2.55 to $2.65. Analysts surveyed by Zacks had forecast adjusted earnings per share of $2.78.

The company expects full-year earnings in the range of $11.90 to $12.10 per share.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WAT at https://www.zacks.com/ap/WAT

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