Agilent Technologies Q2 Profit Declines; Issues Q3 Outlook - Quick Facts

(RTTNews) - Agilent Technologies Inc. (A) Wednesday reported second-quarter net income of $150 million or $0.45 per share, compared to $166 million or $0.48 per share in the same period last year.

Non-GAAP net income for the latest second quarter declined to $244 million or $0.72 per share from $269 million or $0.77 per share in the comparable quarter last year. On average, 12 analysts polled by Thomson Reuters expected the company to earn $0.73 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues were $1.731 billion, compared with $1.732 billion last year. Analysts expected revenues of $1.73 billion.

Looking ahead to the third quarter, the company has forecast adjusted earnings in the range of $0.72 to $0.74 per share, with revenues ranging between $1.74 billion and $1.76 billion. Analysts currently expect the company to earn $0.79 per share on third-quarter revenues of $1.74 billion.

For the fiscal year 2014, Agilent continues to expect adjusted earnings in the order of $2.96 to $3.16 per share, with revenues in the range of $6.90 billion to $7.10 billion. Analysts currently expect the company to report full-year earnings of $3.08 per share on revenues of $6.98 billion.