NEW YORK ( TheStreet) -- Shares of Agilent Technologies (A - Get Report) dipped in late trades after the Santa Clara, Calif.-based maker of test and measurement technology products topped Wall Street's profit expectations for its fiscal first quarter but fell short on revenue.
The stock was last quoted at $43.64, down 2.5%, on volume of around 60,000, according to
Nasdaq.com. The shares have gained more than 50% in the past year, hitting a new 52-week high of $45.15 on Friday.
Agilent reported an adjusted profit of $212 million, or 60 cents a share, for the three months ended Jan. 31 on revenue of $1.52 billion. The average estimate of analysts polled by Thomson Reuters was for earnings of 58 cents a share in the quarter on revenue of $1.55 billion.
The company also said it expects adjusted earnings of 63 to 65 cents a share on revenue ranging from $1.59 billion to $1.61 billion in the second quarter and adjusted earnings of $2.53 to $2.63 a share on revenue of between $6.3 billion to $6.4 billion.The curent average analysts' view is for a profit of 60 cents a share on revenue of $1.56 billion in the second quarter and earnings of $2.50 per share on revenue of $6.32 billion for the full year.