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Agilent Technologies Inc.

5/24/2013, 9:33 PM ET

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Thursday, May 23, 4:16 PM Agilent Technologies (A) declares $0.12/share quarterly dividend, in line with previous. Forward yield 1.05%. For shareholders of record July 2. Payable July 24 . Ex-div date June 28. (PR) Comment! [Dividends]
Tuesday, May 14, 4:25 PM More on Agilent: 450 jobs (~2% of workforce) will be cut in a restructuring program that will yield $50M/year in cost savings. FQ3 guidance is also light: revenue of $1.63B-$1.66B and EPS of $0.60-$0.64 vs. a consensus of $1.75B and $0.74. Company only blames global macro issues and U.S. sequestration. Orders -8% Y/Y, worse than flat rev. growth. Electronic Measurement orders -27% Y/Y (wireless manufacturing a weak spot) after only falling 1% in FQ1. Life Sciences +1% Y/Y, Chemical Analysis flat, Diagnostics & Genomics (lifted by Dako purchase) +147%. A -0.2% AH. (PR) Comment! [Tech, Earnings]
Tuesday, May 14, 4:10 PM Agilent (A): FQ2 EPS of $0.77 beats by $0.10. Revenue of $1.73B (flat Y/Y) misses by $10M. Expects FY13 revenue of $6.75B-$6.85B and EPS of $2.70-$2.85, below a consensus of $7B and $2.88. Buyback program increased by $500M to $1B ($781M remaining). 3.3M shares repurchased in FQ2, lifting EPS. Shares -0.7% AH. CC at 4:30PM ET (webcast). (PR) Comment! [Tech, Earnings, Breaking News]
Tuesday, May 14, 12:10 AM Notable earnings after Tuesday’s close: A, EXP, XONE Comment! [Earnings]
Monday, May 13, 5:35 PM Notable earnings after Tuesday’s close: A, EXP, XONE Comment! [Earnings]
Thursday, April 4, 10:52 AM Agilent (A +1.7%) should conside spliting its business between its electronic measurement and life sciences units, argues ISI's Ross Mulken in a note that seems to be lifting shares. Agilent's electronic measurement sales (43% of total) fell 7% Y/Y in the Jan. quarter, whereas its life sciences sales (24% of total) rose 2%. Comment! [Tech]
Wednesday, March 6, 7:40 AM Agilent Technologies (A) is started a Buy with $49-$51 price target at Leerink Swan, which says better days lay ahead once the company gets past FY13. The company is reiterated a Sell at S&P Equity Research. Comment! [Tech]
Tuesday, March 5, 10:51 AM Credit Suisse gives Agilent (A +2.5%) a vote of confidence, launching coverage on the test/measurement equipment giant with an Outperform and $48 PT. Agilent's recent FQ1 miss and guidance cut provides "a more attractive entry point for long-term investors," CS argues, while adding a proprietary survey indicates "continued traction in life sciences and chemical analysis." Comment! [Tech, On the Move, Quick Ideas]
Thursday, February 14, 5:46 PM After-hours top gainers, as of 5:15 p.m.: QLIK +14%. HLF +13%. DTLK +12%. TFM +9%. HSP +9%.
After-hours top losers: LOGM -22%. ACTV -10%. A -8%. BGS -7%. ASGN -5%. 1 Comment [On the Move]
Thursday, February 14, 4:25 PM More on Agilent: FY13 guidance is for revenue of $6.9B-$7.1B and EPS of $2.70-$3, below consensus of $7.12B and $3.05. Agilent says it's seeing "some volatility in our end-markets." Book-to-bill slightly above 1. Electronic measurement sales -7% Y/Y, worse than FQ4's 5% drop. Chemical analysis -1% (-3% in FQ4), life sciences +2% (flat in FQ4), diagnostics/genomics +4% exc. Dako (+1% in FQ4). All units saw slight Y/Y gross margin drops. R&D and SG&A each +10% Y/Y, above revenue growth. A -8.1% AH, expectations had risen lately. CC at 4:30PM ET (webcast). (PR) Comment! [Tech, Earnings]
Thursday, February 14, 4:09 PM Agilent (A): FQ1 EPS of $0.63 misses by $0.04. Revenue of $1.68B (+3% Y/Y) misses by $10M. Expects FQ2 revenue of $1.74B-$1.77B and EPS of $0.64-$0.70, below consensus of $1.79B and $0.74. Shares -8.5% AH. (PR) Comment! [Tech, Earnings, On the Move, Breaking News]
Thursday, February 14, 12:10 AM Notable earnings after Thursday’s close: A, ACTV, BGS, BRCD, CBS, CRAY, ELLI, GG, HMA, KEG, KYAK, MXWL, NR, PCYC, QLIK, VVC, WRI Comment! [Earnings]
Wednesday, February 13, 5:35 PM Notable earnings after Thursday’s close: A, ACTV, BGS, BRCD, CBS, CRAY, ELLI, GG, HMA, KEG, KYAK, MXWL, NR, PCYC, QLIK, VVC, WRI Comment! [Earnings]
Thursday, January 17, 9:10 AM Agilent Technologies Inc. (A): declares $0.12/share quarterly dividend, 20% increase from prior dividend of $0.10. Forward yield 1.11%. For shareholders of record Apr. 02. Payable Apr. 24. Ex-div date Mar. 28. The board authorized to repurchase stock up to $500M during CY2013. (PR) Comment! [Dividends]
Sunday, December 2, 2012, 9:00 AM "There are two enormous problems with the story that manufacturing is returning to the U.S.," writes Felix Salmon. "(A) It’s not creating many jobs, and (b) the jobs it is creating are not the good jobs which people want to have for many years. Instead, they pay $15ish per hour, which is what teenage babysitters make in New York." 69 Comments [U.S. Economy]
Monday, November 19, 2012, 4:55 PM More on Agilent: FQ1 guidance is for revenue of $1.68B-$1.7B and EPS of $0.65-$0.67, below a consensus of $1.73B and $0.76. FY13 guidance is for revenue of $7B-$7.2B and EPS of $2.80-$3.10, largely below a consensus of $7.17B and $3.34. FQ4 orders were flat Y/Y, below revenue growth of 2%. Electronic measurement sales -5%, chemical analysis -3%, life sciences flat, diagnostics/genomics (boosted by Dako) +125%. A -2.3% AH. CC underway (webcast). (PR) Comment! [Tech, Earnings]