Agilent Technologies (A) Tops Q3 EPS by 12c, Revenues Beat

Agilent Technologies (NYSE: A) reported Q3 EPS of $0.78, $0.12 better than the analyst estimate of $0.66. Revenue for the quarter came in at $1.26 billion versus the consensus estimate of $1.21 billion.

Highlights:

• Revenue of $1.26 billion represents decline of 1% reported growth year-over-year, down 3.1% on a core(1) basis
• GAAP net income of $199 million, or 64 cents per share
• Non-GAAP(2) net income of $243 million, or 78 cents per share

“Agilent’s third quarter results once again highlight the strength and resilience of the Agilent team and of our business,” said Mike McMullen, Agilent president and CEO. “Under challenging conditions created by the global COVID-19 pandemic, Agilent again delivered strong results. While the world’s economies are expected to recover at different rates in the fourth quarter, we remain focused on growth and investing for the future, while effectively managing expenses.”

For earnings history and earnings-related data on Agilent Technologies (A) click here.

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