Agilent Technologies (A) Stock Gains in After-Hours Trading on Q2 Beat, Outlook

NEW YORK (TheStreet) -- Agilent Technologies (A) - Get Report stock is climbing 3.86% to $44.58 in after-hours trading on Monday after the Santa Clara, CA-based company reported better-than-expected results for the 2016 fiscal second quarter.

After today's closing bell, the maker of scientific instruments posted earnings of 44 cents per share, surpassing analysts' estimates of 39 cents per share.

Revenue rose 6% to $1.02 billion year-over-year and topped Wall Street's projections of $983.3 million.

For fiscal 2016, the company forecasts earnings per share between $1.88 and $1.92 on revenue of $4.16 billion to $4.18 billion, above expectations.

Analysts are looking for earnings of $1.86 per share on revenue of $4.13 billion.

In the third quarter, Agilent sees earnings per share in the range of 45 cents and 47 cents on revenue of $1.03 billion to $1.05 billion.

Analysts are modeling earnings of 47 cents per share on revenue of $1.04 billion.

About 3.74 million of the company's shares were traded today compared to its average volume of 1.69 million shares per day.

Separately, TheStreet Ratings Team has a "Buy" rating with a score of B on the stock.

The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. 

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: A