Agilent's stock is rising on earnings, revenue beats
Agilent Technologies Inc.'s (A) stock initially rose 3.5% in extended trading Monday after the company reported quarterly results that topped analyst revenue and earnings estimates. Agilent posted fiscal fourth-quarter net income of $475 million, or $1.62 a share, compared with net income of $368 million, or $1.23 a share, in the year-ago quarter. Adjusted earnings were $1.38 a share. Net revenue was $1.69 billion, down 9% from $1.85 billion a year ago. Analysts surveyed by FactSet had expected on average net earnings of $1.34 a share on revenue of $1.67 billion. Shares of Agilent have tumbled 24% this year, while the broader S&P 500 index has climbed 18%.
-Jon Swartz
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11-20-23 1611ET
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