SANTA CLARA, Calif. (AP) — SANTA CLARA, Calif. (AP) — Agilent Technologies Inc. (A) on Wednesday reported fiscal first-quarter profit of $318 million.
On a per-share basis, the Santa Clara, California-based company said it had profit of $1.11. Earnings, adjusted for non-recurring costs, came to $1.31 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.27 per share.
The scientific instrument maker posted revenue of $1.68 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $1.67 billion.
For the current quarter ending in April, Agilent expects its per-share earnings to range from $1.25 to $1.28.
The company said it expects revenue in the range of $1.61 billion to $1.65 billion for the fiscal second quarter.
Agilent expects full-year earnings in the range of $5.54 to $5.61 per share, with revenue ranging from $6.68 billion to $6.76 billion.
Agilent shares have climbed slightly since the beginning of the year, while the S&P’s 500 index has increased slightly more than 1%. In the final minutes of trading on Wednesday, shares hit $134.95, a rise of almost 3% in the last 12 months.
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