5 Must-Watch Earnings Reports

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In this article, we discuss the 5 must-watch earnings reports. If you want to read our detailed analysis of these companies, go directly to the 10 Must-Watch Earnings Reports.

5. Agilent Technologies, Inc. (NYSE: A)

Number of Hedge Fund Holders: 39

Agilent Technologies, Inc. (NYSE: A) was founded in 1999 by the spin-off of Hewlett-Packard’s test, measurement, and related segments. The company went public in November 1999 by raising $2.1 billion, marking a record IPO in the history of Silicon Valley at that time. Today, it is a leading provider of instruments, applications, and services to various industries.

Agilent stock recently caught investors’ attention after hitting an all-time high of $171.21. The surge was mainly driven by its solid Q3 results.  The company reported earnings of 86 cents per share for the quarter, up from 64 cents per share in the comparable period of 2020.

Agilent earned $1.10 per share on an adjusted basis, ahead of the consensus forecast of 99 cents per share. Revenue for the quarter jumped 26 percent on a year-over-year basis to $1.59 billion, exceeding expectations of $1.54 billion.

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If we look at the performance of key segments, revenue from the life sciences and applied markets group rose 22 percent on a year-over-year basis to $680 million. In comparison, revenue from the CrossLab group jumped 21 percent to $560 million, while revenue from the diagnostics and genomics group climbed 44 percent to $346 million.

Agilent also updated its financial outlook for the full year. It expects adjusted earnings in the range of $4.28-$4.31 per share and revenue between $6.29 billion and $6.32 billion for FY 2021.

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