Agilent Technologies (A) Tops Q3 EPS by 7c, Guidance Misses Consensus
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Agilent Reports Third-Quarter Fiscal Year 2023 Financial Results
August 15, 2023 4:05 PM EDTDelivers on Q3; adjusts full-year outlook to reflect softer market conditions
Highlights:
Reported revenue of $1.67 billion declined 2.7% year-over-year, and decreased 2.3% on a core(1) basis. GAAP net income of $111 million with earnings per share (EPS) of $0.38, down 65% from the third quarter of 2022. Non-GAAP(2) net income of $422 million with EPS of $1.43, up 7% from the third quarter of 2022. Full-year revenue is now expected to be in the range of $6.80 billion to $6.85 billion, representing a decline of 0.7% to flat reported growth, and a core(1) growth range representing an increase of 0.8% to... More