5 Stocks in The Limelight After Quarterly Reports

3. Agilent Technologies, Inc. (NYSE:A)

Number of Hedge Fund Holders: 46

Shares of Agilent Technologies, Inc. (NYSE:A) slipped over five percent in the pre-market trading session on Tuesday, 23 November 2021, even though the laboratory instruments maker posted its fiscal fourth-quarter results above expectations.

Agilent Technologies, Inc. (NYSE:A) reported adjusted earnings of $1.21 per share, up from 98 cents per share in the comparable period of 2020. Analysts were looking for earnings of $1.04 per share.

Revenue for the quarter increased 12 percent on a year-over-year basis to $1.66 billion, beating the consensus forecast of $1.47 billion. If we look at the performance of its flagship businesses, revenue from the life sciences and applied markets group rose 11 percent on a year-over-year basis to $747 million.

In comparison, revenue from the CrossLab group increased 10 percent to $572 million, while revenue from the diagnostics and genomics group climbed 16 percent to $341 million in the quarter.

Agilent Technologies, Inc. (NYSE:A) also released the financial outlook for its fiscal first quarter. The company expects adjusted earnings in the range of $1.16 – $1.18 per share and revenue between $1.64 – $1.66 billion for the current quarter.