Why Agilent Technologies (A) Is Tumbling Aftermarket

NEW YORK (TheStreet) -- Electrical components maker Agilent Technologies (A) tumbled in post-market trading after management issued soft guidance.

After the bell, shares had taken off 6.1% to $56.44.

The company, which develops electric measuring tools, expects second-quarter net income between 71 cents and 73 cents a share on sales of $1.72 billion to $1.74 billion.

Analysts surveyed by Thomson Reuters had forecast earnings of 81 cents a share on $1.78 billion for the three months to April.

Over fiscal 2014, management issued earnings guidance of $2.96 to $3.16 a share and revenue between $6.9 billion and $7.1 billion. Consensus was for $3.19 a share in net income and sales of $7.05 billion.

In its first quarter ended January, the Santa Clara, Calif.-based business reported net income of 67 cents a share, a penny over consensus. Revenue of $1.68 billion was flat on the year-ago quarter but fell short of expectations by $10 million.

Must Read: Lagging In Post-Market Activity: Agilent Technologies

Must Read: Agilent Technologies Reports First-Quarter 2014 Results

TheStreet Ratings team rates AGILENT TECHNOLOGIES INC as a Buy with a ratings score of A. The team has this to say about their recommendation:

"We rate AGILENT TECHNOLOGIES INC (A) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

More from Markets

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Flashback Friday: The Market Movers

Flashback Friday: The Market Movers