Medical equipment maker Agilent's downbeat annual forecast clouds fourth-quarter beat
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Agilent Technologies reported a fourth-quarter earnings beat but issued a downbeat annual profit forecast, which was below analysts' estimates. This has led to a decline in its share price by over 2% in after-hours trading.
November 25, 2024 | 10:30 pm
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Agilent Technologies' shares fell over 2% in after-hours trading following a downbeat annual profit forecast, despite a fourth-quarter earnings beat.
Agilent's forecast for annual profit came in below analysts' expectations, overshadowing its fourth-quarter earnings beat. This negative outlook has led to a decline in investor confidence, resulting in a more than 2% drop in share price after hours.
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