Agilent Technologies Reports Q1 EPS of $0.60 vs. $0.57

Agilent Technologies Inc. A today reported revenues of $1.52 billion for the first fiscal quarter ended Jan. 31, 2011, 25 percent above one year ago, or 19 percent excluding the effects of the Varian acquisition and recent divestitures. First-quarter GAAP net income was $193 million, or $0.54 per diluted share. Last year's first-quarter GAAP net income was $79 million, or $0.22 per share. During the first quarter, Agilent had intangible amortization of $28 million, Varian-related integration costs of $19 million, and restructuring charges of $13 million. It also recognized a tax benefit of $41 million. Excluding these items, Agilent reported first-quarter adjusted net income of $212 million, or $0.60 per share (1).