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)…

Revenue decreased 4.62% from $1.73 billion in the previous quarter. EPS decreased 11.69% from $0.77 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.76 and has not changed. For the current year, the average estimate has moved down from a profit of $2.79 to a profit of $2.78 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)