Agilent Sees Higher Profits; Beats Expectations (A)

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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 trading Tuesday.

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 .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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