Monday, August 16, 2004
Agilent Technologies reported its fourth profitable quarter in a row Thursday, continuing its strong comeback following a major restructuring.
The company earned $100 million for the quarter, or 20 cents a share. That compares with a loss a year ago of $1.56 billion, or $3.28 a share.
Revenues for the quarter were up 24 percent from a year ago to $1.89 billion, but that's up just 2 percent from the previous quarter.
The company said it is unlikely to sustain the high year-to-year growth rates it has seen over the past several quarters.
Excluding restructuring costs and other special charges, Agilent had net operating income of $154 million or 30 cents a share, beating analysts' expectations as reported by Thomson First Call by 2 cents.
By: DocMemory
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