Agilent's Profit Beats Expectations, Guidance in Line With Wall Street Views -- Earnings Review

   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 [e-mail]

(END) Dow Jones Newswires

August 14, 2018 16:42 ET (20:42 GMT)

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