Agilent's Profit Beats Expectations, Guidance in Line With Wall Street Views -- Earnings Review
August 14 2018 - 4:57PM
Dow Jones News
By Maria Armental
Agilent Technologies Inc. reported third-quarter results on
Tuesday. Here's what you need to know:
PROFIT: Net income rose 35% to $236 million, or 73 cents a
share. On an adjusted basis, profit rose to 67 cents a share from
59 cents a year earlier. Analysts surveyed by Thomson Reuters
expected 63 cents a share in adjusted profit. Agilent forecast 61
cents to 63 cents a share.
REVENUE: Net revenue rose 8% to $1.2 billion, compared with the
consensus forecast of $1.2 billion and the company's guidance of
$1.19 billion to $1.21 billion.
COSTS: Total costs and expenses rose 7% to $978 million.
OUTLOOK: This quarter, Agilent projects earning between 72 cents
and 74 cents a share in adjusted profit and generating between
$1.24 billion and $1.26 billion in revenue, compared with analysts'
projections of Agilent reporting a profit of 73 cents a share on
$1.26 billion in revenue.
STOCK: Shares, which lag the market with a 0.3% decline this
year, rose 0.3% to $66.95 in after-hours trading.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
August 14, 2018 16:42 ET (20:42 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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