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Home Industry News Agilent Technologies exceeds expectations in first quarter of 2016

Agilent Technologies exceeds expectations in first quarter of 2016

18th February 2016

Agilent Technologies has announced its financial results for the first quarter of 2016, during which it generated a revenue total of $1.03 billion (719.18 million pounds).

This was roughly level with the figure from the corresponding period of last year, and represented a six percent year-on-year increase on a core basis. First-quarter GAAP income from continuing operations rose to $123 million, up from $93 million in Q1 2015.

Its revenue and earnings per share performance exceeded the company's guidance range, with the improved performances of its CrossLab and diagnostics/genomics divisions offsetting a decline for its life sciences and applied markets unit.

Agilent now expects its second-quarter 2016 revenue to be in the range of $965 million to $985 million, with a total of $4.10 billion to $4.12 billion anticipated for the full year.

Mike McMullen, Agilent president and chief executive officer, said: "We are building a business that can drive sustainable growth, expand operating margins and provide long-term value to our shareholders."ADNFCR-8000103-ID-801812907-ADNFCR

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