NEW YORK (GenomeWeb News) – Waters today reported a 2 percent decline year over year in revenues for the first quarter, missing Wall Street estimates on the top and bottom line.

For the three months ended March 31, the company posted $420.5 million in total revenues, down from $427.6 million a year ago, and short of consensus analyst estimates of $441.8 million. Foreign currency translation reduced sales growth by 2 percent, Waters said.

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