Agilent Technologies Inc. (A) reported that its second-quarter GAAP net income was $255 million or $0.72 per share, up from $200 million, or $0.56 per share in the year ago quarter.
Adjusted net income for the quarter rose to $275 million, or $0.78 per share from $261 million or $0.74 per share in the same quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.73 per share for the quarter. Analysts' estimates typically exclude special items.
Net revenues for the quarter rose to $1.73 billion from $1.68 billion in the prior year quarter. Thirteen analysts had consensus revenue estimate of $1.71 billion for the quarter.
For the third-quarter, revenues are expected to be in the range of $1.77 billion to $1.79 billion. Fiscal third-quarter non-GAAP earnings are expected to be in the range of $0.82 to $0.84 per share. Analysts expect the company to report earnings of $0.83 per share on revenues of $1.76 billion for the third-quarter.
Agilent now expects full fiscal-year 2012 adjusted earnings to be in the range of $3.18 - $3.24 per share, and revenue of $6.94 billion - $7.00 billion. Previously, the company expected adjusted earnings in a range of $3.13 to $3.23 per share and revenues of $6.92 billion to $7.02 billion for the full year 2012.
Analysts expect the company to report earnings of $3.19 per share on revenues of $6.95 billion for fiscal 2012.
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