Agilent Technologies Earnings: Here’s Why Shares are Up Now
Agilent Technologies Inc. (NYSE:A) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down up 0.07%.
Agilent Technologies Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 1.28% to $0.77 in the quarter versus EPS of $0.78 in the year-earlier quarter.
Revenue: Decreased 0.06% to $1.73 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Agilent Technologies Inc. reported adjusted EPS income of $0.77 per share. By that measure, the company beat the mean analyst estimate of $0.67. It missed the average revenue estimate of $1.74 billion.
Quoting Management: Agilent CEO Bill Sullivan said, “We were pleased to have exceeded EPS guidance for the quarter, reflecting our focus on cost control and profitability in the face of the worldwide economic slowdown and the impact of U.S. sequestration. We expect the macroeconomic environment to remain challenging throughout the second half of 2013 and are taking additional actions to strengthen our operating performance.”
Key Stats (on next page)…