Home / Market News / Agilent stock rises after earnings beat, raised guidance

Agilent stock rises after earnings beat, raised guidance

Shares of Agilent Technologies Inc. rose more than 5% in the extended session Wednesday after the maker of lab instruments and other components reported fiscal third-quarter profit and sales above Wall Street expectations and tweaked its guidance for the year. Agilent said it earned $1.27 billion, or 60 cents a share, in the quarter, compared with $236 million, or 73 cents a share, in the year-ago period. Adjusted for one-time items, Agilent earned $240 million, or 76 cents a share, compared with $217 million, or 67 cents a share, a year ago. Revenue rose 6% to $1.27 billion. Analysts polled by FactSet had expected Agilent to report adjusted earnings of 72 cents a share on sales of $1.24 billion. For fiscal 2019, Agilent raised its revenue guidance to a range between $5.105 billion and $5.125 billion, and its full-year non-GAAP EPS to a range between $3.07 and $3.09 a share. Agilent ended the regular trading day down 3%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Read Full Story