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Agilent Revenue Rise 11%, Earnings Meet Estimates

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.

Agilent said net income for its first fiscal quarter ended Jan. 31 declined to $150 million, or 36 cents per share, from $2.82 billion, or $5.83 per share, a year ago. Adjusted net income from continuing operations rose to 39 cents a share from 32 cents a share in last year's first quarter. 39 cents a share was also the consensus estimate, according to Thomson Financial.

Revenue rose 10% to $1.28 billion from $1.17 billion.