Measurement company, Agilent Technologies Inc.(
A ) reported increased profits in their fourth
quarter Tuesday, beating analysts expectations..
The Santa Clara based company, reported fourth quarter earnings
of $425 million, or $1.20 per share, up 32% from last years
earnings of $289 million, or 82 cents per share. Excluding special
items, earnings for the quarter came in at 86 cents per share,
beating analysts estimates of 80 cents.
Revenue increased by 2% from last years fourth quarter to $1.77
billion. Analysts expected $1.76 billion.
CEO Bill Sullivan said that although orders were flat this
quarter, the company met its own revenue guidance, and had EPS
higher than they expected.
Looking ahead, the company expects to see their first quarter
EPS to be in the range of 65 to 67 cents per share, with revenue in
the range of $1.68 billion to $1.7 billion. Analysts are expecting
to see EPS of 76 cents, with $1.73 billion in revenue.
The company is estimating that their full year earnings will be
in the range of $2.80 to $3.10, with $7 billion to $7.2 billion in
revenue. These estimates would miss analysts estimates of $3.34 per
share, and $7.17 billion in revenue
Agilent shares were down 76 cents, or -2.03% during premarket
The Bottom Line
Shares of Agilent Technologies ( A ) have a 1.07%
dividend yield, based on last night's closing stock price of
$37.51. The stock has technical support in the $33-$34 price area.
If the shares can firm up, we see overhead resistance around the
$40-$41 price levels.
Agilent Technologies Inc.( A ) is not
recommended at this time, holding a Dividend.com DARS™ Rating of
3.2 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks , as well
as a detailed explanation of our ratings system here .
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