Agilent Technologies | $A Stock | Shares Acting Agile After Earnings

Agilent Technologies

Agilent Technologies, Inc. (NYSE: A)


Agilent Technologies, whose shares are up nearly 30% since the beginning of 2017, reported their fiscal quarterly earnings on Tuesday August 15th 2017. 

The earnings, which had been expected to come in at $0.52 per share came in at $0.54 per share which beat handily. Revenues also surpassed estimates coming in at $1.1 billion dollars versus $1.08 billion dollars expected.

Shares closed the trading day at $59.34 which was down $0.24  or down .4%. However in the aftermarket, shares soared 4.16% closing at $61.71 which was up $2.27 in the aftermarket session.

Interesting Facts About Agilent Technologies

1- Agilent was spun off from Hewlett-Packard in 1999.

2-The company provides analytical instruments, software, services and consumables for the entire laboratory workflow.

3-On Sept. 19, 2013, Agilent announced its decision to separate into two publicly traded companies: Agilent life sciences, diagnostics, applied markets company, and an electronic measurement company. The life sciences company will retain the Agilent name and the electronic measurement company will be called Keysight Technologies.

4-Agilent has 12,450 employees and it serves the entire world-wide as far as geographical countries that it reaches are concerned.

5-The company has net assets of $7.8 billion dollars, and does an annual revenue of $4.2 billion dollars (as of 2016 numbers on record).

Forward Looking Guidance

The company expressed that they expect revenues in the upcoming quarter to be between $1.15 billion dollars and $1.17 billion dollars. This is slightly higher than what some analysts expected it to come in at ($1.14 billion dollars).

On an annual basis the full-year projections now range from $2.29 to $2.31 per share and revenue for the entire year between $4.43 billion and $4.46 billion dollars.

The Charts

Agilent Technologies

The above price chart shows the daily price action going back to the beginning of 2017. Note the beautiful 45-degree trendline and the green oval area where shares will likely open for Wednesday’s trading.

Agilent Technologies

The above price chart shows the 5-minute trading action during the regular trading session on the left. In the shaded portion on the right shows the after-hours trading.

It is clear on the chart on the right (afterhours) to see where the news announcement came about the great earnings report.

Company Profile

Agilent Technologies, Inc. provides application focused solutions to the life sciences, diagnostics, and applied chemical markets worldwide. Its Life Sciences and Applied Markets segment offers liquid chromatography systems and components; liquid chromatography mass spectrometry systems; gas chromatography systems and components; gas chromatography mass spectrometry systems; inductively coupled plasma mass spectrometry instruments; atomic absorption instruments; microwave plasma-atomic emission spectrometry instruments; inductively coupled plasma optical emission spectrometry instruments; laboratory software and informatics systems; laboratory automation and robotic systems; dissolution testing; vacuum pumps; and measurement technologies.

The company’s Diagnostics and Genomics segment provides reagents, instruments, software, and consumables; arrays for DNA mutation detection, genotyping, gene copy number determination, identification of gene rearrangements, DNA methylation profiling, and gene expression profiling, as well as sequencing target enrichment services; and equipment focused on production of synthesized oligonucleotides for use as active pharmaceutical ingredients.

Its Agilent CrossLab segment offers GC and LC columns, sample preparation products, custom chemistries, and various laboratory instrument supplies; and startup, operational, training, and compliance support, as well as asset management and consultation services.

The company markets and sells its products through direct sales, electronic commerce, resellers, manufacturers’ representatives, and distributors. It has a collaboration agreement with University of Leuven to focus on detecting genetic abnormalities in cell-free DNA and embryo biopsies.

Agilent Technologies, Inc. was founded in 1999 and is headquartered in Santa Clara, California.-YahooFinance