Thursday, May 16, 2013

Agilent : Stock Repurchase & Cut 450 jobs

Agilent Technologies (A +3.89% to $45.68) posted a 2Q adj EPS of $0.77 vs $0.78 a year ago ($0.67 expected) on revenue of $1.73B, flat YoY. The Co expects 3Q EPS to be in a range of $0.60 to $0.64 and revenue to be $1.63B to $1.66B. The Co will increase its stock repurchase program by $500M to $1B and cut about 450 jobs this year.


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