Why Is Waters (WAT) Down 2.2% Since Last Earnings Report?

A month has gone by since the last earnings report for Waters (WAT) . Shares have lost about 2.2% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Waters due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Waters' Q2 Earnings & Sales Beat Estimates, Fall Y/Y Waters ...