India, Nov. 3 -- Waters Corp. (WAT), a provider of analytical instruments and services, Tuesday reported lower third-quarter net income, while adjusted earnings per share increased 21% from the prior year. The company also raised its full-year outlook.
Net income fell to $81 million or $0.82 per share from $149 million or $2.50 per share a year ago, due to acquisition-related and restructuring costs.
Excluding one-time items, adjusted earnings per share rose 21% to $4.10 from $3.40 in the year-ago quarter.
Third-quarter revenue was $1.767 billion, comprising $871 million in organic revenue and $896 million from the acquired Biosciences and Diagnostic Solutions businesses.
Organic revenue increased 9% to $871 million from $800 million a ...