Agilent Technologies Earnings: Here’s Why Investors Like These Results
Agilent Technologies Inc. (NYSE:A) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 4%.
Agilent Technologies Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 13.92% to $0.68 in the quarter versus EPS of $0.79 in the year-earlier quarter.
Revenue: Decreased 4.12% to $1.65 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Agilent Technologies Inc. reported adjusted EPS income of $0.68 per share. By that measure, the company beat the mean analyst estimate of $0.62. It beat the average revenue estimate of $1.64 billion.
Quoting Management: Agilent CEO Bill Sullivan said, “Although we are operating in a very challenging economic environment, we are pleased with our operational performance, as we continue to make progress improving our manufacturing efficiency and streamlining our expense structure. The result has been better than forecasted operating margins.”
Key Stats (on next page)…