Agilent Technologies Earnings: Here’s What You Need to Know

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S&P 500 (NYSE:SPY) component Agilent Technologies Inc. (NYSE:A) reported net income above Wall Street’s expectations for the fourth quarter. Agilent Technologies is focused on the design and manufacturing of core bio-analytical and electronic measurement solutions. It serves customers in sectors such as communications, electronics, life sciences, and chemical analysis.

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Agilent Technologies Inc. Earnings Cheat Sheet

Results: Net income for the electrical test equipment rose to $425 million ($1.20 per share) vs. $289 million (81 cents per share) in the same quarter a year earlier. This marks a rise of 47.1% from the year-earlier quarter.

Revenue: Rose 2.3% to $1.77 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Agilent Technologies Inc. reported adjusted net income of 86 cents per share. By that measure, the company beat the mean estimate of 80 cents per share. It beat the average revenue estimate of $1.71 billion.

Quoting Management: Agilent CEO Bill Sullivan said, “Agilent’s performance in the fiscal fourth quarter met our revenue guidance and exceeded EPS guidance. Despite a very challenging economic environment, the strength of our operating model was evident, with operating margins for the quarter and the year at an all-time high.”

Key Stats:

Revenue has risen for the last four quarters. Revenue increased 1.9% to $1.72 billion in the third quarter. The figure rose 3.3% in the second quarter from the year earlier and climbed 7.6% in the first quarter from the year-ago quarter.

The company topped expectations last quarter after falling short of forecasts in the third quarter with net income of 79 cents versus a mean estimate of net income of 83 cents per share.

The increase in profit last quarter comes after net income fell in the previous quarter. In the third quarter, net income declined 26.4% to $243 million.

Looking Forward: The outlook for the company’s results in the upcoming quarter is unfavorable. The average estimate for the first quarter of the next fiscal year is 75 cents per share, down from 78 cents ninety days ago. For the fiscal year, the average estimate has moved down from $3.08 a share to $3.06 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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