Agilent: Fiscal 4Q Earnings Snapshot
SANTA CLARA, Calif. (AP) _ Agilent Technologies Inc. (A) on Monday reported fiscal fourth-quarter net income of $194 million.
The Santa Clara, California-based company said it had profit of 62 cents per share. Earnings, adjusted for one-time gains and costs, came to 89 cents per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 86 cents per share.
The scientific instrument maker posted revenue of $1.37 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $1.33 billion.
For the year, the company reported profit of $1.07 billion, or $3.37 per share. Revenue was reported as $5.16 billion.
For the current quarter ending in February, Agilent expects its per-share earnings to range from 80 cents to 81 cents.
The company said it expects revenue in the range of $1.34 billion to $1.36 billion for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $1.37 billion.
Agilent expects full-year earnings in the range of $3.38 to $3.43 per share, with revenue ranging from $5.5 billion to $5.55 billion.
Agilent shares have increased 19% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 25%. In the final minutes of trading on Monday, shares hit $80.26, a rise of 18% in the last 12 months.