Agilent suffers profit decline

(San Jose Mercury News via NewsEdge) For the third quarter ended July 31, Agilent registered a net income of $185 million, down 19% from the $227 million it earned in the same period a year ago.

 

Revenue, meanwhile, grew 11% from the third quarter last year to $1.37 billion, and orders - an indicator of future sales - rose 7% to $1.31 billion.

 

Excluding restructuring, stock compensation and certain other costs, Agilent would have earned $194 million.

 

The company expects to register $1.39 billion to $1.43 billion in sales in its fourth fiscal quarter.

 

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