Agilent Technologies Shares Up 3% Following Q3 Beat & Raised Outlook

Agilent Technologies (NYSE: A) shares rose more than 3% after-hours following the company’s reported Q3 results, with EPS of $1.34 coming in better than the consensus estimate of $1.20. Revenue grew 8% year-over-year (up 13% on a core basis) to $1.72 billion, beating the consensus estimate of $1.64 billion.

“The strong results in Q3, coupled with orders continuing to outpace revenues, highlight the ongoing strength and momentum of our diversified business. We are once again raising our full-year revenue and earnings outlook,” said Mike McMullen, President and CEO of Agilent.

The company expects Q4/22 EPS in the range of $1.38-$1.40, compared to the consensus of $1.29, and revenue in the range of $1.75-1.775 billion, compared to the consensus of $1.71 billion.

For the full 2022-year, the company expects revenue in the range of $6.750-$6.775 billion, and non-GAAP EPS in the range of $5.06-$5.08.

By Davit Kirakosyan

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