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Msg  34 of 39  at  8/17/2022 9:09:34 PM  by

jerrykrause


Agilent stock rallies after quarterly beat, guidance increase for company

 Agilent stock rallies after quarterly beat, guidance increase for company
 
 Claudia Assis
MarketWatch 
 
Shares of Agilent Technologies Inc. rose more than 5% in the extended session Tuesday after the maker of lab instruments and other components reported fiscal third-quarter results above Wall Street expectations and raised guidance for the year.
 
Agilent said it earned $329 million, or $1.10 a share, in the quarter, compared with $264 million, or 86 cents a share, in the year-ago period. Adjusted for one-time items, Agilent earned $1.34 a share. Revenue rose 8% to $1.72 billion, the company said.
 
Analysts polled by FactSet expected adjusted EPS of $1.20 a share on sales of $1.64 billion. Agilent raised its revenue outlook for the full year to a range between $6.750 billion and $6.775 billion, which would represent growth between 6.8% and 7.2%.
 
Orders are "continuing to outpace revenues," the company said in a statement. Agilent also raised full-year adjusted EPS expectations to between $5.06 and $5.08.
 
For the fiscal fourth quarter, the company said it expects revenue between $1.750 billion and $1.775 billion, and non-GAAP EPS between $1.38 and $1.40. That compares with expectations of fourth-quarter revenue around $1.33 a share on revenue of about $1.77 billion, according to FactSet. Shares of Agilent ended the regular trading day down 0.8%. 


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