Agilent Technologies reported better-than-expected third-quarter earnings and issued upbeat fourth-quarter guidance, indicating a potential improvement in market conditions. Revenue declined slightly year-over-year but surpassed analyst estimates, driven by strong performance in its Life Sciences and Applied Markets segment. The company also raised its full-year revenue and earnings outlook, reflecting a positive outlook for the future. Analysts have responded positively to the results, with several raising their price targets on Agilent stock.
Results for: Agilent Technologies
Agilent Technologies is scheduled to release its third-quarter fiscal 2024 earnings on August 21st. The company anticipates a decline in revenue and earnings compared to the previous year, driven by factors including macroeconomic uncertainties and sluggish spending in some markets. However, growth is expected in the ACG and DGG segments, while the LSAG segment faces challenges.