Agilent Technologies Inc. Earnings Cheat Sheet: Fifth Consecutive Quarter of Double-Digit Revenue Growth

S&P 500 (NYSE:SPY) component Agilent Technologies Inc. (NYSE:A) reported net income above Wall Street’s expectations for the third quarter. Agilent Technologies, Inc. is a company focused on the design and manufacturing of core bio-analytical and electronic measurement solutions. It serves customers in sectors such as communications, electronics, life sciences and chemical analysis.

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Agilent Technologies Earnings Cheat Sheet for the Third Quarter

Results: Net income for Agilent Technologies Inc. rose to $330 million (92 cents per share) vs. $205 million (58 cents per share) in the same quarter a year earlier. This marks a rise of 61% from the year earlier quarter.

Revenue: Rose 22.2% to $1.69 billion from the year earlier quarter.

Actual vs. Wall St. Expectations: A reported adjusted net income of 77 cents per share. By that measure, the company beat the mean estimate of 73 cents per share. Analysts were expecting revenue of $1.66 billion.

Quoting Management: Bill Sullivan, Agilent president and CEO, said, “We had another quarter of very good results. Demand for Agilent products remained strong, with key product platforms experiencing solid growth.”

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past five quarters. Over that span, the company has averaged growth of 29.1%, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose 35% from the year earlier quarter.

The company has now topped analyst estimates for the last four quarters. It beat the mark by 9 cents in the second quarter, by 3 cents in the first quarter, and by 5 cents in the fourth quarter of the last fiscal year.

Competitors to Watch: LeCROY Corporation (NASDAQ:LCRY), Danaher Corporation (NYSE:DHR), Wireless Telecom Group, Inc. (AMEX:WTT), Thermo Fisher Scientific Inc. (NYSE:TMO), National Instruments Corp (NASDAQ:NATI), Life Technologies Corp. (NASDAQ:LIFE), JDS Uniphase Corporation (NASDAQ:JDSU), PerkinElmer, Inc. (NYSE:PKI), and Aeroflex Holding Corp. (NYSE:ARX).

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(Source: Xignite Financials)