Fanliso Agilent Technologies ( NYSE: A ) is down ~14% in after-hours trading Wednesday after revising its fiscal 2024 full-year revenue and earnings guidance, with both below consensus estimates. The company now sees FY24 revenue of $6.42B-$6.
5B. Consensus is $6.78B.
Non-GAAP earnings guidance is now seen at $5.15-$5.25 per share vs.
consensus of $5.50. Agilent said the revisions were made "to reflect slower market recovery.
" In FY24 Q2, Agilent missed on the top line but beat on the bottom . On a non-GAAP basis, net income in the quarter was $356M compared to $377M in the year-ago period ($1.22 diluted EPS vs.
$1.27). Agilent ( A ) ended the quarter (April 30) with cash and cash equivalents of ~$1.
7B compared to ~$1.6B on Oct. 31, 2023.
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03, revenue of $1.57B misses by $10M Agilent Technologies Q2 2024 Earnings Preview.
