Agilent Technologies Q1 Profit Increases, beats estimates

Agilent Technologies (A) revealed earnings for its first quarter that increased from the same period last year and beat the Street estimates.

The company's earnings came in at $352 million, or $1.19 per share. This compares with $283 million, or $0.93 per share, in last year's first quarter.

Excluding items, Agilent Technologies reported adjusted earnings of $406 million or $1.37 per share for the period.

Analysts on average had expected the company to earn $1.30 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.4% to $1.76 billion from $1.67 billion last year.

Agilent Technologies earnings at a glance (GAAP) :

-Earnings (Q1): $352 Mln. vs. $283 Mln. last year.
-EPS (Q1): $1.19 vs. $0.93 last year.
-Analyst Estimate: $1.30
-Revenue (Q1): $1.76 Bln vs. $1.67 Bln last year.

Next quarter EPS guidance: $1.24 - $1.27
Next quarter revenue guidance: $1.655 - $1.680 Bln
Full year EPS guidance: $5.65 - $5.70
Full year revenue guidance: $7.03 - $7.10 Bln

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