Agilent rises after upbeat growth comments at investor conference
+4.55% to $172.84 from $165.32
What moved A
- CEO Padraig McDonnell and CFO Adam Elinoff told the U.S. All Stars Conference that fiscal third-quarter organic growth was about 10% to 11%, up from roughly flat growth two years earlier.
- Management pointed to growth from China, instrument replacement cycles and lab automation as continuing tailwinds for the business.
- Operating margin expanded more than 100 basis points despite tariff headwinds, with earnings per share growing 10%.
Sources: Defense World