5 Stocks That Beat Profit Expectations

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

Number of Hedge Fund Holders: 43

Shares of Agilent Technologies, Inc. (NYSE:A) turned green in the pre-market trading session on Wednesday, May 25, 2022, after posting its fiscal second-quarter profit and sales above expectations.

Agilent Technologies, Inc. (NYSE:A) reported adjusted earnings of $1.13 per share, topping estimates of $1.07 per share. The quarterly revenue of $1.61 billion also exceeded analysts’ average estimate of $1.55 billion.

Follow Agilent Technologies Inc. (NYSE:A)

For its fiscal year 2022, Agilent Technologies, Inc. (NYSE:A) raised its adjusted earnings outlook to a range of $4.86 – $4.93 per share, from its previous projection of $4.80 – $4.90 per share.

Commenting on the quarter, CEO Mike McMullen said:

“We delivered 7% core revenue growth, exceeded our EPS expectations and continued to build order backlog, all despite macro challenges including temporary COVID-19 shutdowns in China. Our momentum continues and we have again raised our full-year outlook.”