SANTA CLARA, Calif. (AP) — SANTA CLARA, Calif. (AP) — Agilent Technologies Inc. (A) on Monday reported fiscal fourth-quarter profit of $434 million.
On a per-share basis, the Santa Clara, California-based company said it had net income of $1.53. Earnings, adjusted for one-time gains and costs, came to $1.59 per share.
The results matched Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of $1.59 per share.
The scientific instrument maker posted revenue of $1.86 billion in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $1.83 billion.
For the year, the company reported profit of $1.3 billion, or $4.57 per share. Revenue was reported as $6.95 billion.
For the current quarter ending in January, Agilent expects its per-share earnings to range from $1.35 to $1.38.
The company said it expects revenue in the range of $1.79 billion to $1.82 billion for the fiscal first quarter.
Agilent expects full-year earnings in the range of $5.86 to $6 per share, with revenue ranging from $7.3 billion to $7.4 billion.
Agilent shares have increased 14% since the beginning of the year, while the S&P's 500 index has increased 14%. In the final minutes of trading on Monday, shares hit $153.60, an increase of 15% 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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