SANTA CLARA, Calif. (AP) — SANTA CLARA, Calif. (AP) — Agilent Technologies Inc. (A) on Wednesday reported fiscal third-quarter profit of $336 million.
The Santa Clara, California-based company said it had profit of $1.18 per share. Earnings, adjusted for one-time gains and costs, were $1.37 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.36 per share.
The scientific instrument maker posted revenue of $1.74 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $1.66 billion.
For the current quarter ending in October, Agilent expects its per-share earnings to range from $1.57 to $1.60.
The company said it expects revenue in the range of $1.82 billion to $1.84 billion for the fiscal fourth quarter.
Agilent expects full-year earnings in the range of $5.56 to $5.59 per share, with revenue ranging from $6.91 billion to $6.93 billion.
Agilent shares have dropped 12% since the beginning of the year, while the S&P's 500 index has risen 10%. In the final minutes of trading on Wednesday, shares hit $118.78, a drop of 16% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on A at https://www.zacks.com/ap/A
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