Agilent Technologies Inc. (NYSE:A) stock plummeted on Thursday’s session following the firm declaring slothful 3Q earnings and lowered its forecasts for Fiscal 2012.
Agilent announced dreary global demand for its high-end measuring products. Its net income and revenue for 3Q was lower than Wall Street analysts’ predictions, and the firm also lowered its income and sales estimations for Fiscal 2012 as it estimated a dull 4Q ahead.
Agilent announced a revised profit of 78 cents a share, nearly 4 cents lower than Wall Street estimates as per stated by FactSet. Its sales of $1.72 billion were almost $70 million lower than experts’ predictions.
With market capitalization of 12.97 Billion, Agilent Technologies Inc. (NYSE:A) shares were trading within the range of $36.76-$38.17 while its opening price was $37.50. Agilent’s 5 years revenue rate remained 5.87% while its current ratio was 3.28 and debt to equity was 0.46. Its return on investment was 15.10%.
Agilent belongs to technology sector with industry of Scientific & Technical Instruments and its archrivals include Danaher and Teradyne. Let’s have a look at opponents’ performance.
Danaher Corporation (NYSE:DHR) fell -0.34% to $53.39 with the total traded volume of 3.77 million shares and Teradyne, Inc. (NYSE:TER) surged 2.98% to $15.89 with the total traded volume of 2.77 million shares.
Agilent is ahead of its 52 week low 30.21% and lagging behind from its 52 week high price -19.34%. Agilent’s last month stock price volatility remained 2.34%. The stock price of Agilent is moving down from its 20 days moving average -3.92% and remote negatively from 50 days moving average -3.90%.
Agilent current year earnings per share got a lift of 47.12% while its current quarter performance stayed -6.00%. Company’s beta coefficient included 1.50. Beta factor calculates the amount of market risk linked with market trade.
