Agilent Q4 Profit Misses Estimates; Revenue In Line

(RTTNews) - Agilent Technologies Inc. (A) reported fourth quarter net income of $16 million or $0.05 per share, compared to $211 million or $0.63 per share for the year-ago quarter.

Excluding items, adjusted net income for the latest quarter was $297 million or $0.88 per share.

Revenues for the fourth quarter rose 5% to $1.81 billion from $1.72 billion a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.89 per share on revenue of $1.81 billion for the fourth quarter. Analysts' estimates typically exclude special items.

Looking forward to the first quarter, the company forecasts revenues of $1.02 billion to $1.04 billion and adjusted earnings of $0.39 to $0.43 per share. Analysts currently expect the company to earn $0.42 per share on revenue of $1.02 billion for the first quarter.

For the full fiscal year 2015, Agilent forecasts revenue of $4.12 billion to $4.18 billion and adjusted earnings of $1.68 to $1.78 per share. Analysts currently expect the company to earn $1.74 per share on revenue of $4.17 billion for the fiscal year 2015.