Agilent Technologies Raises Annual Guidance, Posts 1Q Profit
February 20 2019 - 4:47PM
Dow Jones News
By Maria Armental
Agilent Technologies Inc. (A) raised financial targets for the
year following a strong start for the first three months.
The former unit of Hewlett-Packard Co. reported a first-quarter
profit of $504 million, or $1.57 a share, compared with a
year-earlier loss of $320 million, or 99 cents a share. On an
adjusted basis, profit rose to 76 cents a share from 66 cents a
share a year earlier.
Revenue rose 6% to $1.28 billion.
The company had forecast 71 cents to 73 cents a share in
adjusted profit and $1.27 billion to $1.28 billion in revenue.
For the second quarter, it expects 70 cents to 72 cents a share
in adjusted profit and $1.26 billion to $1.27 billion in revenue,
compared with analysts' projected 72 cents a share on $1.27 billion
in revenue, according to FactSet.
For the year, the California company expects $3.03 to $3.07 a
share in adjusted profit and $5.15 billion to $5.19 billion in
revenue, compared with its earlier view of $3 to $3.05 a share in
adjusted profit and $5.13 billion to $5.17 billion in revenue.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
February 20, 2019 16:32 ET (21:32 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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