SANTA CLARA, Calif. - Agilent Technologies Inc. (NYSE:A) reported fourth-quarter earnings that beat analyst expectations, but shares fell 2.2% in after-hours trading as the company's earnings guidance came in below estimates.
The scientific instrument maker posted adjusted earnings per share of $1.46 for the quarter ended October 31, surpassing the analyst consensus of $1.41. Revenue rose 0.8% YoY to $1.70 billion, also topping expectations of $1.67 billion.
However, Agilent's outlook for fiscal 2025 fell short of Wall Street projections. The company forecast full-year adjusted EPS of $5.54 to $5.61, below the $5.66 analysts were expecting. Revenue guidance of $6.79 billion to $6.87 billion was roughly in line with the $6.83 billion consensus estimate.
"The Agilent team again executed well and delivered solid results in the fourth quarter as the markets continued to recover," said Agilent President and CEO Padraig McDonnell.
For the full fiscal year 2024, Agilent reported revenue of $6.51 billion, down 4.7% YoY. Adjusted EPS fell 3% to $5.29.
The company said it expects first-quarter fiscal 2025 revenue between $1.65 billion and $1.68 billion, representing a decline of 0.5% to an increase of 1.3% YoY. First-quarter adjusted EPS is projected at $1.25 to $1.28.
Agilent also announced a new organizational structure, which it said will help make the company "nimbler and more customer centric."
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