Agilent Technologies Revises Q3 EPS To $1.25-$1.28 Vs $1.45 Est.; Revenue $1.535B-$1.575B Vs $1.72B Est.; FY24 EPS $5.15-$5.25 Vs $5.50 Est.; Revenue $6.42B-$6.5B Vs $6.77B Est.
Portfolio Pulse from Benzinga Newsdesk
Agilent Technologies has revised its Q3 EPS to $1.25-$1.28, down from the estimated $1.45, and its revenue to $1.535B-$1.575B, down from the estimated $1.72B. For FY24, EPS is revised to $5.15-$5.25 vs. $5.50 estimated, and revenue to $6.42B-$6.5B vs. $6.77B estimated.
May 29, 2024 | 8:25 pm
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NEGATIVE IMPACT
Agilent Technologies has revised its Q3 and FY24 earnings and revenue guidance downward, indicating potential challenges ahead.
The downward revision in both quarterly and full-year earnings and revenue guidance suggests that Agilent Technologies is facing significant challenges, likely leading to a negative short-term impact on its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100