Avantor IncAvantor's Q1 revenue beat estimates by 2.7% and the industry's aggregate results were positive.
The research tools and consumables industry reported mixed first-quarter results, with aggregate revenues beating analyst consensus estimates by 1.3% and next-quarter revenue guidance coming in 2% above expectations. Avantor posted flat revenues of $1.58 billion, exceeding estimates by 2.7%, while Waters Corporation saw revenues surge 91.5% to $1.27 billion, the fastest growth among peers. Revvity's revenues rose 9.3% to $686.9 million but missed estimates by 2.6%, and Bruker's revenues grew 2.7% to $823.4 million, topping expectations by 3.4%. Danaher reported a 3.7% revenue increase to $5.95 billion, slightly missing estimates by 0.8%. Share prices across the group have risen an average of 8.5% since the latest earnings releases.
Avantor IncAvantor's Q1 revenue beat estimates by 2.7% and the industry's aggregate results were positive.
Bruker CorporationBruker's Q1 revenue beat estimates by 3.4% and the industry's aggregate results were positive.
Danaher CorporationDanaher's Q1 revenue missed estimates by 0.8%.
Revvity Inc.Revvity's Q1 revenue missed estimates by 2.6%.
Waters CorporationWaters Corporation's Q1 revenue surged 91.5%, the fastest growth among peers.