Updates

** Shares of lab equipment maker Waters WAT.N rise 11.1% to $335.39

** Company reports Q1 revenue of $1.27 billion, beating analysts' estimate of $1.20 billion - data compiled by LSEG

** Says revenue growth is driven by strong outperformance in organic revenue and the acquired business from Becton Dickinson BDX.N

** "We view Q1 results as a solid proof point and likely major clearing event for those still skeptical on the deal," says Jefferies analyst Tycho Peterson

** WAT posts Q1 adjusted profit of $2.70 per share, up 20% YoY, beating estimates of $2.34 per share

** Raises 2026 organic constant currency revenue growth forecast to 6.5%-8.0%

** Raises 2026 adjusted profit forecast to $14.40-$14.60 per share, from $14.30-$14.50 per share projected previously; analysts estimate a profit of $14.38 per share

** Shares down ~11% YTD