SANTA CLARA, Calif. (AP) — SANTA CLARA, Calif. (AP) — Agilent Technologies Inc. (A) on Wednesday reported fiscal second-quarter profit of $308 million.
On a per-share basis, the Santa Clara, California-based company said it had profit of $1.05. Earnings, adjusted for non-recurring costs, were $1.22 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share.
The scientific instrument maker posted revenue of $1.57 billion in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $1.58 billion.
For the current quarter ending in July, Agilent expects its per-share earnings to range from $1.25 to $1.28.
The company said it expects revenue in the range of $1.54 billion to $1.58 billion for the fiscal third quarter.
Agilent expects full-year earnings in the range of $5.15 to $5.25 per share, with revenue ranging from $6.42 billion to $6.5 billion.
Agilent shares have increased 4.5% 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 $145.23, a rise of 23% in the last 12 months.
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