Categories AlphaGraphs, Earnings, Technology

Agilent (A) Q3 earnings rise, beat forecast; revenue down 1%

Agilent Technologies (NYSE: A) reported third-quarter results Tuesday after the closing bell. Earnings increased from last year and surpassed the forecast. The stock traded higher immediately after the announcement.

Agilent Q3 2020 Earnings Infographic

The Santa Clara, California-based tech firm said its third-quarter profit, on an unadjusted basis, rose to $0.78 per share from $0.76 per share in the year-ago period and came in above the market’s projection.

Unadjusted net income moved up to $199 million or $0.64 per share from $191 million or $0.60 per share in the third quarter of 2019. At $1.26 billion, revenues were down 1% from last year but above the estimates.

“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,” said Agilent’s CEO Mike McMullen.


Looking forward to listening to management/analysts’ comments on Q3 results? Stay tuned here for Agilent’s Q3 2020 earnings call transcript


Agilent’s shares moved up during Tuesday’s extended trading, after closing the regular session higher. The stock has gained 41% since last year.

Most Popular

Netflix (NFLX): Four reasons why this leader will not be easy to overthrow

Netflix (NASDAQ: NFLX) has for long been the undisputed king of the streaming space. The streaming industry is seeing massive growth with several new players entering the field. It also

Fastenal (FAST) sees strong post-COVID prospects: Is the stock a buy?

The demand for services that involve minimal human interaction is on the rise as people continue to practice social distancing. Fastenal Co. (NASDAQ: FAST), a market-leading supplier of vending machines,

HEXO Corp. (HEXO) Earnings: 3Q21 Key Numbers

HEXO Corp. (NYSE: HEXO) reported its third-quarter 2021 earnings results today. Net revenue rose 2% year-over-year to CAD22.6 million. Net loss narrowed to CAD20.7 million from a loss of CAD19.5

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top