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Home Industry News Agilent Technologies reports solid fourth-quarter financial growth

Agilent Technologies reports solid fourth-quarter financial growth

25th November 2016

Agilent Technologies has announced strong financial results for the fourth quarter of its 2016 business year, which concluded on October 31st.

During the three-month period, the company achieved a revenue total of $1.11 billion (892.16 million pounds), representing a year-on-year increase of 7.2 percent, or 6.3 percent on a core basis.

This strength was reflected across all of the company's business units, with stronger-than-expected pharmaceutical sector growth and good performances in Europe and China helping the firm to exceed its own internal expectations.

Its earnings per share, meanwhile, also came in well above the company's guidance range, capping off a successful 2016 for Agilent.

In the coming quarter, Agilent is expecting revenues in the range of $1.04 to $1.06 billion, with a total of $4.35 to $4.37 billion anticipated for the full year.

Mike McMullen, Agilent's president and chief executive officer, said: "Looking ahead, we are well positioned to capture market growth with our strong lineup of new offerings recently introduced and in the pipeline for 2017."

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