Agilent Technologies expects to exceed guidance for first quarter 2004 results

Citation

(2004), "Agilent Technologies expects to exceed guidance for first quarter 2004 results", Microelectronics International, Vol. 21 No. 2. https://doi.org/10.1108/mi.2004.21821bab.011

Agilent Technologies expects to exceed guidance for first quarter 2004 results

Agilent Technologies expects to exceed guidance for first quarter 2004 results

Keywords: Agilent, Finance

Agilent Technologies Inc., expects its results for the first fiscal quarter, ending 31 January 2004, to be above the guidance provided in early December.

First quarter revenues are at present expected to be in the range of $1.63-$1.68 billion, compared to previous guidance of $1.55-$1.65 billion. Earnings before restructuring and amortization charges are currently anticipated to be $0.20-$0.24 per share. Prior guidance was for earnings of $0.05-$0.15 per share.

"We have not seen the normal seasonal decline in first quarter activity," said Ned Barnholt, Agilent Chairman, President and Chief Executive Officer. "Both semiconductors and semiconductor capital equipment have been particularly strong. We have also been successful bringing the benefits of lower structural costs to Agilent's bottom line."

"While the business environment remains volatile, we currently expect Agilent's second quarter earnings before restructuring and amortization charges to be in the range of $0.20- $0.25 per share(1) on revenues of $1.65-$1.70 billion," said Barnholt.

The company will release first fiscal quarter earnings after the market closes on 17 February 2004, and will hold its quarterly conference call at 1:30 p.m. Pacific time on that date. The company intends to update its guidance for the second quarter and for full year 2004 at that time.

For more information, visit the Web site: www.agilent.com