NEW YORK (TheStreet) -- Shares of Agilent Technologies (A) are sinking, down 1.75% to $40.52 in early market trading Tuesday, after the company reported lower than expected fiscal fourth quarter non-GAAP net income of $297 million, or 88 cents per share, compared to the 89 cents per share analysts expected.
The testing and measurement-technology company posted revenue of $1.81 billion, higher than the $1.72 billion a year ago, and in-line with analysts' forecasts.
For its fiscal first quarter, Agilent now forecasts earnings in the range of 39 cents to 43 cents per share, on sales in a range of $1.02 billion to $1.04 billion.
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Agilent expects fiscal year 2015 earnings in the range of $1.68 to $1.78 per share, compared to the $1.74 per share analysts' expect.
The company forecasts revenue in the range of $4.12 billion to $4.18 billion for the fiscal year 2015, compared to the consensus estimate of $4.17 billion.
Santa Clara, CA-based Agilent is engaged in life sciences, diagnostics and applied chemicals, providing laboratories with instruments, services, consumables, applications and expertise.
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 reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow."
- You can view the full analysis from the report here: A Ratings Report