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A Agilent Tops 2Q Views, Raises Full-Year Forecast

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MiamiGent Member Level  Monday, 05/16/16 06:42:41 PM
Re: MiamiGent post# 20
Post # of 56 
A Agilent Tops 2Q Views, Raises Full-Year Forecast -- Market Talk
BY Dow Jones & Company, Inc. — 4:39 PM ET 05/16/2016


Agilent's (A) 2Q adjusted EPS and sales surpass Wall Street's expectations, as the laboratory-equipment maker also raises earnings and revenue guidance for the full year. A beat the sales consensus for all three of its divisions, with the largest--Life Sciences and Applied Markets Group--garnering $495M versus the $476M analysts predicted. LSAG is the unit that provides a majority of the company's instrumentation and software for analytical labs. Cowen recently said demand from the pharmaceutical sector remains robust. A shares are up 3.6% at $44.49 in after-hours trading, and through today's close, are up 25% from a February low. (patrick.sheridan@wsj.com)

(END) Dow Jones Newswires
05-16-16 1639ET

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