This Medtech Beat Quarterly Views — So Why Is It Toppling? [Investor's Business Daily]
Agilent Technologies, Inc. (A)
Last agilent technologies, inc. earnings: 2/18 04:05 pm
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Source: Investors Business Daily
Related news Hologic ( HOLX ) stock toppled below a buy point Wednesday as investors digested a packed quarter that included the exit of a key executive to Agilent Technologies ( A ) and a lower-than-expected quarterly forecast. In afternoon trading on the stock market today , Hologic stock lost 3%, near 41.60. Late Tuesday, Hologic topped quarterly sales and profit expectations, but operating and gross margins were light. Fiscal fourth-quarter guidance also appeared to lag. The medtech announced that Chief Financial Officer Bob McMahon would join Agilent. Chief Accounting Officer Karleen Oberton will take over as CFO. Further, the medtech said it bought Faxitron Bioptics, a privately held digital specimen radiography firm, for about $85 million. Evercore analyst Vijay Kumar noted that investors may have perceived McMahon's exit as a negative coming off a strong quarter. Further, Hologic's fiscal fourth-quarter outlook "seems like a step down," but Kumar argues it's in line with hist
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Earnings
- 2/27/24 - Beat
A
Sec Filings
- 4/10/24 - Form SC
- 3/27/24 - Form 4
- 3/25/24 - Form 144
- A's page on the SEC website