• Most Popular
  • Most Shared

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

Thu May 14, 2009 4:53pm EDT

Stocks

   

*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)



More from Reuters

Photo

Senate on track to pass healthcare bill

WASHINGTON (Reuters) - Senate Democrats moved closer on Monday to passing landmark healthcare legislation by Christmas after scoring a win in the first big test vote and gaining the support of a powerful lobbying group for doctors. | Video

A view of a cemetery for foreign prisoners in the settlement of Spassk in central Kazakhstan December 10, 2009. REUTERS/Shamil Zhumatov

Despair in the Kazakh steppe

In icy Kazakhstan, barbed wire and crumbling barracks stand in testament to the decades of cruelty millions of ethnic Germans endured in Soviet gulag camps during Stalin's Great Terror campaign.  Full Article | Slideshow 

Two men shake hands in a file photo.    REUTERS/File

Let's make a deal

The battered M&A sector will make a tepid recovery in the coming year and three hot sectors will lead the way, according to a Thomson Reuters analysis.  Full Article