Palo Alto-based Agilent Technologies (NYSE: A) turned in third quarter earnings that blew past analysts’ expectations as the company surged to meet demand in the final days of the quarter.
The test and measurement equipment maker, which has offices in Westlake Village, reported a 15 percent increase in earnings to $155 million, compared with $135 million in the same period last year. The company’s earnings per share of 33 cents outpaced an earnings forecast in 18 to 20 cent range.
Agilent, which was spun off earlier this year from Hewlett-Packard Co., reported net revenue rose to $2.7 billion, up 28 percent over the third quarter last year. Orders and revenue in the company’s communications and electronics businesses grew 62 percent, giving rise to further optimism for the normally heavy fourth quarter.