Agilent Lifts Annual Profit Forecast
Agilent Technologies raised its annual profit forecast on Wednesday after beating third-quarter revenue estimates. The company reported improving demand for its lab tools and life sciences equipment.
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Agilent Technologies raised its annual adjusted profit forecast to a range of $6.18 to $6.21 per share on Wednesday morning, driven by recovering lab research demand. The upward revision follows a prolonged sector downturn across the United States marked by constrained biotechnology funding. Investors responded to strengthening end markets, pushing shares higher as third-quarter results beat consensus estimates.
