Agilent Technologies reported better-than-expected Q2 earnings, with an EPS of $1.27, beating estimates by 0.79%. This positive news is likely to have a short-term positive impact on the stock price, as investors may view the company's performance as a sign of strength. However, it's important to note that last quarter, the company also beat EPS estimates, which was followed by a 3.14% drop in the share price the next day. This suggests that the market may have already priced in the positive earnings news, and the impact on the stock price may be limited.