Agilent Technologies shares dip 2% on decline in revenue

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Agilent Technologies Inc. shares were down 2% in after-hours trading Tuesday after the research, development, and manufacturing company reported fiscal third-quarter results that were roughly in line with Wall Street estimates for earnings but missed on revenue. Agilent reported net income of $199 million, or 64 cents a share, compared with net income of $191 million, or 61 cents a share, in the year-ago quarter. Revenue declined 1% to $1.26 billion from $1.27 billion a year ago. Analysts surveyed by FactSet had expected earnings of 66 cents a share on revenue of $1.21 billion. Agilent shares are up about 15% this year. The broader S&P 500 index has improved nearly 5% in 2020.
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