Nov 24 (Reuters) - Life sciences firm Agilent
Technologies ( A ) on Monday beat fourth-quarter revenue
estimates, helped by strong demand for medical tools and
equipment used in lab research and diagnostic services.
The laboratory equipment maker also forecast revenue for
financial year 2026, which started in November, slightly ahead
of Wall Street expectations.
Agilent ( A ) sees 2026 revenue to be between $7.3 billion and
$7.4 billion, the midpoint of which is ahead of average analyst
estimates of $7.30 billion, according to data compiled by LSEG.
Medical equipment makers have seen renewed demand for
contract research and diagnostics services, as pharmaceutical
companies accelerate drug development in the U.S. amid President
Donald Trump's shifting trade policies.
The company's fourth-quarter revenue came in at $1.86
billion, beating estimates of $1.83 billion.
Sales in its life sciences and diagnostics segment were at
$755 million, beating the estimate of $718 million, while
revenue from its CrossLab unit, which offers products and
services for laboratory management, rose 7% to $775 million.
Its adjusted profit for the quarter ended October 31 was
$1.59 per share compared to estimates of $1.58 per share.