
Agilent Down 6.8% on Dim Forecast
Agilent Technologies
(A)
was down 6.8% in early trading.
After the close Tuesday, the maker of testing equipment posted earnings of 51 cents a share, in line with the
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First Call/Thomson Financial
estimate, but the company cut its growth forecast to a range of 10% to 15%. The Street had expected 19% growth.
Lehman Brothers
cut its earnings estimates and lowered its price target to $100 from $130.