How Will Agilent Technologies (A) Stock React to Earnings Beat?
NEW YORK (TheStreet) -- Agilent Technologies (A) - Get Report reported its 2015 fourth quarter financial results after the market close today.
The company posted adjusted earnings of 50 cents per share for the most recent quarter, up from 48 cents per share for the year ago period.
Revenue fell by 1% year over year, to $1.035 billion from $1.043 billion for the 2014 fourth quarter.
Analysts surveyed by Thomson Reuters had forecast for earnings of 47 cents per share on revenue of $1.04 billion.
Agilent Technologies expects fiscal 2016 first quarter revenue to be between $1 billion and $1.02 billion, and adjusted per-share earnings to range between 42 cents and 44 cents for the quarter.
"Agilent delivered a strong quarter to end a strong year," CEO Mike McMullen said in a statement. "Our fourth-quarter revenue was up 6% on a core basis, and earnings per share were above our guidance range."
Based in Santa Clara, CA, Agilent Technologies provides application focused solutions to the life sciences, diagnostics and applied chemical markets.
Shares of the company are flat in after-hours trading.
Separately, TheStreet Ratings team rates AGILENT TECHNOLOGIES INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
We rate AGILENT TECHNOLOGIES INC (A) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and deteriorating net income.
You can view the full analysis from the report here: A
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