Agilent: Fiscal 3Q Earnings Snapshot
SANTA CLARA, Calif. (AP) _ Agilent Technologies Inc. (A) on Wednesday reported fiscal third-quarter net income of $191 million.
On a per-share basis, the Santa Clara, California-based company said it had net income of 60 cents. Earnings, adjusted for one-time gains and costs, were 76 cents per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share.
The scientific instrument maker posted revenue of $1.27 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $1.24 billion.
For the current quarter ending in October, Agilent expects its per-share earnings to range from 84 cents to 86 cents.
The company said it expects revenue in the range of $1.31 billion to $1.33 billion for the fiscal fourth quarter. Analysts surveyed by Zacks had expected revenue of $1.34 billion.
Agilent expects full-year earnings in the range of $3.07 to $3.09 per share, with revenue ranging from $5.11 billion to $5.13 billion.
Agilent shares have fallen nearly 3% since the beginning of the year, while the Standard & Poor’s 500 index has risen 13%. In the final minutes of trading on Wednesday, shares hit $65.58, a decline of almost 2% in the last 12 months.