Agilent Technologies Reports Increased in Net Profit

Agilent Technologies Inc (NYSE:A) recently announced its financial results and reported 19 percent increase in its net profit for the quarter. The company reported the net profit of $230 million or earnings $0.65 per share for the quarter ended January 31st, 2012 as compared to net income of $193 million or $0.54 per share for the same period last year. According to the company its non-GAAP net profit would have stood at $244 million with earnings per share of $0.69 for the respective quarter.

Agilent’s revenue increased 8 percent to $1.64 billion. The company’s results were totally in line with analysts’ projections who forecasted the revenue of $1.65 billion with earnings of $0.69 per share.

The company is now expecting the revenue of $1.7 billion to 1.72 billion for the current quarter while EPS is projected within the range of $0.71 to $0.73. On the other hand analysts have forecasted the revenue of $1.75 billion with earnings of $0.79 per share.

Agilent’s shares gained 0.44 percent to $43.83 in today’s trading session. The share price surged with strong volume figure of 7.08 million shares as compared to its average traded volume of 3.35 million shares per day. Currently the stock is trading at price to earnings of 14.78 times which is bit high than its competitors.

Previous Post »  
Tags: ,
Rehan Khan

About Rehan Khan

Rehan Khan has been involved in the financial sector for last 6 years. During that time he has been associated with many financial institutions, banks and brokerages. Rehan is also a graduate in finance and has been writing for last 2 years for various web publications, specializing in US stock markets, penny stocks, forex and commodities.

Comments are closed.