Dividend.com: Agilent Adjusts Up

Agilent Posts $101 Million Second-Quarter Loss, but Adjusted EPS Is in Line

Measuring and testing company Agilent(A Quote) said Thursday that it lost $101 million in the latest quarter, hurt by a big drop in its semiconductor testing unit.

The Santa Clara, Calif., company reported a fiscal second-quarter net loss of $101 million or 29 cents per share, compared with a profit of $173 million or 47 cents in the year-ago period. Excluding special one-time charges, the company posted adjusted profits of $44 million or 13 cents per share.

Overall revenue in the quarter fell to $1.09 billion, down 25% from $1.46 billion in the same quarter last year. On average, Wall Street analysts were expecting profits of 13 cents per share, excluding items, on revenue of $1.07 billion. ...