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Agilent Tech cuts full-year adj profit forecast
February 13, 2014 / 9:41 PM / in 4 years

Agilent Tech cuts full-year adj profit forecast

Feb 13 (Reuters) - Agilent Technologies Inc cut its full-year adjusted profit forecast, citing lower revenue from its electronic measurement business due to “challenges” in the aerospace and defense market.

Shares of Agilent fell 7 percent in extended trading.

The company said it expected adjusted earnings of $2.96 to $3.16 per share for the full year 2014.

It had earlier forecast $3.03 to $3.33 per share.

Analysts were expecting the company to earn $3.19, excluding items, according to Thomson Reuters I/B/E/S.

Agilent shares closed at $60.08 on the New York Stock Exchange on Thursday.

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