NEW YORK ( TheStreet) -- Shares of Agilent Technologies ( A) 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.

Limelight Networks

Limelight Networks ( LLNW) was surging in extended action after the after the Tempe, Ariz.-based content delivery technology company posted strong results for the fourth quarter and gave a favorable top-line outlook for 2011.

The company, whose software applications enable streaming of content and advertising, reported a non-GAAP profit of $1.5 million, or a penny per share, on revenue of $55.2 million for the three months ended Dec. 31. The non-GAAP results exclude share-based compensation and acquisition-related expenses, among other items.

The average estimate of analysts polled by Thomson Reuters called for a breakeven quarter on a per share basis with revenue of $53. 3 million.

The stock jumped 20% to $7.75 in after-hours action on heavy volume of 2.3 million. Based on a regular session close of $6.46, the shares were already up almost 70% in the past year; although they had pulled back nearly 30% since hitting a 52-week high of $8.97 on Nov. 9.

For the current quarter, Limelight sees revenue of $48 million to $49.5 million. Wall Street's current consensus estimate is a loss of a penny per share in the March period on revenue of $48.2 million.

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