November 18, 2003 |
EARNINGS Agilent Technologies Inc., the world's biggest maker of scientific testing gear, had a fourth-quarter profit of $13 million after losses for seven straight periods. Net income equaled 3 cents a share, compared with a net loss of $236 million, or 51 cents, a year earlier. Sales fell 3.5% to $1.68 billion, the Palo Alto, Calif., company said. Agilent benefited from cost cuts and an improving market for semiconductors, Chief Executive Ned Barnholt said. Shares of Agilent added $1.80, or 6.
August 19, 2003 |
Agilent Technologies Inc., a money-losing maker of test equipment, said Monday that it had a wider fiscal third-quarter loss as it cut costs and wrote off deferred tax assets. Its shares rose after Agilent said it would break even or have a profit in the current period. The loss was $1.56 billion, or $3.28 a share, compared with $228 million, or 49 cents, a year earlier, the company said. Sales in the quarter ended July 31 rose 8% to $1.5 billion from $1.39 billion.
November 19, 2002 |
Agilent Technologies Inc. shares rose during extended trading hours after the maker of testing and measurement equipment said Monday that sales topped forecasts and that it would eliminate 2,500 jobs. The company reported a fourth-quarter loss partly because of severance costs. The net loss was $236 million, or 51 cents a share, in the quarter ended Oct. 31, compared with net income of $197 million, or 43 cents, a year earlier, Agilent said. Sales rose 8.
August 20, 2002 |
Agilent Technologies Inc., a maker of test and measurement equipment, reported a larger-than-expected fiscal third-quarter loss because of weak demand and disruptions caused by a new companywide management system. For the three months ended July 31, the Palo Alto company lost $228 million, or 49 cents a share, compared with a loss of $225 million, or 49 cents, in the same period last year.
July 31, 2002 |
Hewlett-Packard Co. and Agilent Technologies Inc. agreed to pay $7 million to the U.S. to settle claims they sold the government defective medical monitoring devices, lawyers for the plaintiff said. A suit filed by a former HP engineer had claimed the companies sold products to the Defense Department and the Department of Veterans Affairs knowing they failed too often. The government intervened on behalf of the whistle-blower to pursue the lawsuit.
November 16, 2001 |
Communications testing equipment and microchip maker Agilent Technologies Inc. said it will eliminate 4,000 jobs, doubling previously announced cuts, because recovery will take longer. Agilent met Wall Street forecasts, reporting an operating loss of $275million, or 60 cents a diluted share, contrasted with a profit of $328million, or 71 cents a share, in the quarter a year ago. The company noted falling orders and gave a glum outlook. Agilent shares fell 28 cents to $25.