Agilent Technologies (A) Stock Slipping Following Earnings Miss

NEW YORK (TheStreet) -- Shares of Agilent Technologies Inc  (A) are slipping, down 3.24% to $41.25 in after-hours trading Monday, following the release of the company's second quarter earnings results after the closing bell.

The measurement company earned 38 cents per share for the quarter, missing the consensus estimate of 39 cents per share by a penny, according to analysts polled by Thomson Reuters. 

In the same quarter of last year, Agilent reported earnings of 51 cents per share, according to MarketWatch.

Revenue came in at $963 million for the second quarter, also lower compared to the $989.30 million analysts were expecting.

Looking ahead, the company guided for third quarter fiscal year 2015 earnings of between 38 cents to 42 cents per share on revenue of between $995 million to $1.015 billion. 

Analysts surveyed by Thomson Reuters expect third quarter fiscal year 2015 earnings of 42 cents per share on revenue of $1 billion.

For fiscal year 2015, Agilent sees earnings of between $1.67 to $1.73 per share on revenue of between $4.05 billion to $4.11 billion.

Analysts surveyed by Thomson Reuters expect fiscal year 2015 earnings of $1.69 per share on revenue of $4.068 billion.

Shares closed at $42.62 in today's regular session.

Santa Clara, Calif.-based Agilent Technologies provides core bio-analytical and electronic measurement solutions to the life sciences, diagnostics and genomics, chemical analysis, communications and electronics industries.

Separately, TheStreet Ratings team rates AGILENT TECHNOLOGIES INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate AGILENT TECHNOLOGIES INC (A) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. 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, reasonable valuation levels, expanding profit margins and increase in stock price during the past year. We feel its strengths outweigh the fact that the company has had sub par growth in net income."

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

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