Why Agilent Technologies Stock Is Climbing Tuesday
Portfolio Pulse from Adam Eckert
Agilent Technologies Inc (NYSE: A) stock rose after reporting Q4 revenue of $1.69 billion and EPS of $1.38, surpassing estimates. The company's outlook for Q1 and full-year 2024 revenue and earnings were below estimates. Baird analyst Catherine Schulte maintained an Outperform rating but lowered the price target from $140 to $130. Agilent shares were up 8.67% at $123.86 following the earnings report.
November 21, 2023 | 4:25 pm
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Agilent Technologies reported higher than expected Q4 results, with a revenue of $1.69 billion and EPS of $1.38, but provided a cautious outlook for 2024. Shares rose by 8.67%.
The positive earnings report for Q4 has led to an immediate increase in stock price, reflecting investor confidence. However, the cautious outlook for 2024 may temper expectations going forward.
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