Agilent Hammered In Late Trading

Fri., July 21, 2000

From Staff

Shares of computer products maker Agilent Technologies Inc.

plunged more than 25 percent in after-hours trading Thursday after the company said its earnings for the third quarter will fall well short of analysts’ expectations.

Saying it was unable to keep up with demand for its products, Agilent expects earnings for the third quarter ending July 31 will fall well below the consensus estimate of 35 cents per share.

The Palo-Alto-based spinoff of computer giant Hewlett-Packard said that on Aug. 17 it will likely report quarterly earnings of 18 to 22 cents a share. In the year-ago period, it earned 36 cents a share. Revenue will also likely fall below expectations, the company said.

After shares fell $1.063 to $73 in regular trading on the New York Stock Exchange, they plummeted to $54, down $19, in after-hours trading.

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Agilent Hammered In Late Trading

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