Agilent Technologies Stock Sinks After Company Cuts Guidance To Reflect Slower Market Recovery
Portfolio Pulse from Adam Eckert
Agilent Technologies Inc (NYSE:A) shares fell after the company revised its full-year outlook due to slower market recovery. Q2 revenue was $1.57 billion, slightly below estimates, while Q2 EPS beat expectations. The company also announced a new $2 billion share repurchase program.
May 29, 2024 | 9:07 pm
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Agilent Technologies revised its full-year outlook due to slower market recovery, causing shares to fall. Q2 revenue missed estimates, but EPS beat. The company announced a $2 billion share repurchase program.
The downward revision of full-year guidance and lower-than-expected Q3 revenue and EPS forecasts indicate a slower market recovery, negatively impacting investor sentiment. The share repurchase program may provide some support, but the immediate reaction is negative.
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IMPORTANCE 90
RELEVANCE 100