Agilent's 2Q orders soar, earnings beat estimate
Monday May 15, 5:36 pm ET
Agilent Technologies reported a 21 percent increase in second-quarter orders, helping the scientific instruments- and equipment-maker enjoy a better-than-expected profit.
The Palo Alto-based company (NYSE: A - News) reported second-quarter earnings of $115 million, or 26 cents per share, a 21 percent increase from $95 million, or 19 cents per share, during the same three-month period last year. Excluding stock-options costs, the company earned $178 million or 40 cents per share -- easily beating the 37-cent estimate by Thomson Financial.
Agilent's sales gained 12 percent to $1.43 billion in the second quarter, from $1.28 billion a year ago.
Shares of Agilent increased 72 cents -- or almost 2 percent -- to $37.97 in trading Monday, but the company announced its earnings after the market closed. Shares fell 65 cents in after-hours trading.
Agilent is the 25th-largest private employer in Roseville, with about 315 workers, according to a recent Business Journal survey.
Published May 15, 2006 by the Sacramento Business Journal |
