UPDATE 1-Agilent's Q2 matches Street, shares steady

Thu May 14, 2009 4:53pm EDT
 
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*Q2 non-GAAP EPS 13 cents match Street estimates

*Q2 revenue $1.09 bln vs Street view $1.07 bln

*Shares down 0.3 percent

SAN FRANCISCO, May 14 (Reuters) - Agilent Technologies Inc (A.N), a maker of electronics testing gear, matched Street estimates for quarterly results on Thursday as sales held up, and its shares held steady after-hours.

Agilent's net loss in the quarter ended April 30 was $101 million, or 29 cents a share, compared with a net profit of $173 million, or 47 cents a share a year ago.

Excluding certain items, Agilent posted a profit of $44 million, or 13 cents a share, matching Reuters Estimates.

Revenue fell 25 percent to $1.09 billion but exceeded analysts' average estimate for $1.07 billion

Chief Executive Bill Sullivan said in a statement he saw tentative signs the global electronics markets would hit bottom over the next few months and the bio-analytical market could begin to improve by the year's end.

Shares of Santa Clara, California-based Agilent held steady at $18.33 in extended trade. (Reporting by Clare Baldwin; Editing by Leslie Gevirtz)

 

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