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Agilent Technologies Beats on Earnings and Revenue

Posted by on February 14, 2017 6:42 PM
Categories: Stocks

February 14, 2017: Agilent Technologies reports Q1 EPS of $0.53 versus the $0.49 estimate. Revenue also beat coming in at $1.07 billion versus the $1.04 billion estimate.

CEO Mike McMullen said, “The Agilent team started 2017 with another strong quarter, despite currency headwinds… Our first-quarter revenue and non-GAAP earnings per share exceeded the high end of November’s guidance… Our strong revenue results were driven by a return to growth in our Chemical & Energy business and higher-than-expected China growth. Overall, we are confident in the company’s prospects, and we are raising our full-year core revenue growth expectations.”

January 11, 2017: Hearing takeover rumors circulating about Agilent Technologies. The rumor is that Thermo Fisher could be a potential acquirer at around $65 per share. Can not find the source of the rumors.

Agilent Technologies Stock Chart

Agilent Technologies Inc., a global leader in life sciences, diagnostics and applied chemical markets, is the premier laboratory partner for a better world. Agilent works with customers in more than 100 countries, providing instruments, software, services and consumables for the entire laboratory workflow. Agilent generated revenues of $4.2 billion in 2016.