Why Agilent Shares Are Tumbling Today
Portfolio Pulse from Lekha Gupta
Agilent Technologies reported Q2 FY23 revenues of $1.72 billion, beating estimates, with growth across all segments. However, the company lowered its FY23 outlook amid increased market uncertainties, causing its shares to tumble.
May 24, 2023 | 9:29 am
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Agilent Technologies' Q2 revenues beat estimates, but the company lowered its FY23 outlook, causing its shares to fall.
Agilent Technologies reported better-than-expected Q2 revenues, but the company lowered its FY23 outlook due to increased market uncertainties. This negative outlook is likely to cause short-term downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100