1 month ago
Stock Market

Top Gainers: Waters Corp, United Technologies, Comcast in Rally Mode

Investing.com -- Waters Corp ., United Technologies and Comcast were jumped Wednesday after delivering impressive quarterly

Investing.com -- Waters Corp ., United Technologies and Comcast were jumped Wednesday after delivering impressive quarterly results.

Waters (NYSE:WAT), a specialty measurement company, beat fourth-quarter estimates on both the top and bottom lines, sending its shares 11.6% higher.

Waters reported fourth-quarter earnings of $2.87 a share on $715 million in revenue, exceeding Wall Street estimates for earnings of $2.65 a share on $704.25 million in revenue.

The company guided first-quarter earnings in the range of $1.65 to $1.75 a share, in-line with the consensus estimates of $1.73.

United Technologies (NYSE:UTX) found favor among investors after posting earnings of $1.95 on $18.04 billion in revenue, above estimates for $1.53 a share on $16.9 billion in revenue. Its shares rose 5%.

The above-consensus results were driven by "a favorable effective tax rate and better Rockwell Collins (NYSE:COL) results," the company said in a statement.

Comcast (NASDAQ:CMCSA), meanwhile, was also rewarded for a better-than-expected quarterly results and a dividend hike. Its shares rose 4.5%.

The media company reported fourth-quarter earnings of $0.64 a share on $27.85 billion in revenue, ahead of expectations for earnings of $0.63 on $27.55 billion in revenue.

Comcast hiked its dividend by 10% to $0.84 a share.