Investing.com - Agilent Technologies Inc's (NYSE:A) shares were climbing on Wednesday in reaction to the company’s after hours Tuesday release of earnings results which topped expectations. The company issued guidance for the year above expectations.
The supplier of diagnostic instruments, software, and tools to the life sciences and applied chemical markets had net income of $175 million, or 54 cents a share, on revenue of $1.11 billion.
This was an improvement from the comparable period, when the company earned $124 million, or 38 cents a share, on $1.04 billion in revenue. It also topped the FacSet compiled analyst forecast for earnings of 52 cents per share on $1.09 billion in revenue.
Agilent expects fourth-quarter 2017 revenue in the range of $1.15 billion to $1.17 billion, and fourth-quarter 2017 non-GAAP earnings in the range of 60 cents to 62 cents a share. Analysts forecast EPS of 60 cents a share on revenue of $1.15 billion.
For the full fiscal year, Agilent is calling for revenue of $4.43 billion to $4.45 billion and non-GAAP earnings of $2.29 a share to $2.30, versus analysts expectations for EPS of $2.23 on sales of $4.41 billion.