Agilent: Fiscal 1Q Earnings Snapshot
SANTA CLARA, Calif. (AP) _ Agilent Technologies Inc. (A) on Wednesday reported fiscal first-quarter net income of $504 million, after reporting a loss in the same period a year earlier.
The Santa Clara, California-based company said it had net income of $1.57 per share. Earnings, adjusted for one-time gains and costs, were 76 cents per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share.
The scientific instrument maker posted revenue of $1.28 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $1.27 billion.
For the current quarter ending in May, Agilent expects its per-share earnings to range from 70 cents to 72 cents.
The company said it expects revenue in the range of $1.25 billion to $1.27 billion for the fiscal second quarter.
Agilent expects full-year earnings in the range of $3.03 to $3.07 per share, with revenue ranging from $5.15 billion to $5.19 billion.
Agilent shares have climbed 17 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed 11 percent. In the final minutes of trading on Wednesday, shares hit $78.61, a rise of 11 percent in the last 12 months.