NEW YORK (GenomeWeb News) – Waters today reported a 3 percent decline in its third quarter revenues year over year, but the firm said that it sees a stabilization in its end markets after a difficult first half of the year.

The Milford, Mass.-based firm reported total revenues of $374 million for the three-month period ended Oct. 3, down from $386.3 million for Q3 2008. The firm said that 1 percent of that decline was due to adverse foreign currency translation.