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Agilent's Projected Q3 Revenue Decline Improves Original Forecast

NEW YORK (GenomeWeb News) — Agilent Technologies today said it expects third-quarter revenue to decline between 2 percent and 4.8 percent year over year, though it is a 1.5-percent improvement over earlier predictions.
During its fiscal second quarter earnings report in May, Agilent had said it expected third-quarter revenue to decline between 3.5 percent and 6.2 percent.  
Today, it said it expects revenue for the three months ended June 30 to decline to between $1.38 billion and $1.42 billion from $1.45 billion last year.

According to an Agilent spokesperson, last year’s results included revenue from Verigy, the semiconductor business the company spun off during the year. Adjusted for that discontinued operation for the third quarter of 2007, revenue was $1.2 billion, meaning that Agilent’s revised guidance represents a growth of between 11 percent and 15 percent.



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