5 Stocks in Focus After Posting Their Earnings Reports

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

Number of Hedge Fund Holders: 41

Shares of Agilent Technologies, Inc. (NYSE:A) recently fell to a nearly one-year low despite posting its fiscal first-quarter profit and sales above expectations. The company earned $1.21 per share in the quarter, up from $1.06 per share in the year-ago period.

In addition, Agilent Technologies, Inc. (NYSE:A) posted revenue of $1.67 billion, translating to a surge of 8 percent on a year-over-year basis. The results exceeded analysts’ average estimate of $1.03 per share for earnings and $1.46 billion for revenue.

Agilent Technologies, Inc. (NYSE:A) also issued the financial outlook for its fiscal second quarter. It expects adjusted earnings in the range of $1.10 – $1.12 per share and revenue between $1.59 – $1.62 billion for the current quarter.

In addition, Agilent Technologies, Inc. (NYSE:A) raised its FY 2022 outlook to a range of $6.67 – $6.73 billion, representing a surge between 5.6 – 6.5 percent over last year.

Commenting on the quarter, CEO Mike McMullen said:

“Building on our first quarter results, combined with a strong order book, we are raising our full year outlook, increasing our core growth and non-GAAP EPS expectations. The Agilent portfolio and team have never been stronger. I’m confident we will continue our outstanding execution for the remainder of the year.”