Agilent Technologies reported first-quarter revenues of $1.84 billion, a 10% year-on-year increase that exceeded analyst expectations by 1.9%. The company, which was spun off from Hewlett-Packard in 1999, also delivered an impressive beat on organic revenue estimates and a narrow beat on full-year EPS guidance. Among the ten research tools and consumables stocks tracked, Agilent scored the highest full-year guidance raise but had the weakest guidance update of the group. Its stock has risen 7.6% since the report, trading at $124.70. The broader subsector saw revenues beat consensus by 1.3% on average, with next-quarter guidance coming in 2% above expectations, and share prices have been resilient, up 8.5% on average since earnings.
Agilent Technologies IncAgilent reported Q1 revenue of $1.84B, beating estimates, and raised full-year EPS guidance.
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