Agilent Technologies on Tuesday posted third-quarter net earnings of $185 million, or 45 cents per share, down from $227 million, or 54 cents per share, during the same quarter a year ago.
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Stocks closed mixed for the second straight session but the Dow closed at a record high on tame inflation data. "Any time we get a number that shows less inflation and indicates interest rates may come down, that has a positive effect on the market," said Ted Weisberg, president of Seaport Securities.
Agilent Technologies reported second-quarter earnings a penny above Street estimates and issued rosy guidance, citing strong sales of bio-analytical measurement devices. "As in the first quarter, we saw notable strength across our Bio-Analytical Measurement portfolio, and significant weakness in wireless handset test," said CEO Bill Sullivan.
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Electronics testing equipment maker Agilent Technologies said net income fell from a year ago, when the company booked a large gain from the sale of its semiconductor products business. Adjusted earnings per share were in line with analysts' expectations.
Electronics testing equipment maker Agilent Technologies said its first-quarter earnings fell from the year ago period, when the company reported a large gain from the sale of its semiconductor products business.