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DAILY EARNINGS

Agilent Technologies, Estee Lauder Net Plunge


Author: Mukesh Buch
ticker.com
Last Update: 10:55 AM ET August 17 2015

12:30 AM New York Agilent Technologies third-quarter net plunged 30% to $103 million. Estee Lauder fourth-quarter tumbled 41% to $153 million. Urban Outfitters second-quarter net slid 1% to $66.8 million.

Tollbooth Index edged up 1.26 to 10,927.30.

Earnings Review

Agilent Technologies Inc (A), the measurement equipment maker reported revenues in the third-quarter ending in July edged up 1% to $1.01 billion from a year ago period.

Net income in the quarter plunged 30% to $103 million or 31 cents per diluted share compared to $147 million or 43 cents from the same quarter last year.

For the fourth-quarter, the company forecasted revenues in the range of $1.03 billion to $1.05 billion and non-GAAP earnings per share between 45 cents and 49 cents.

Estee Lauder Companies Inc (EL), the skin care and hair care products maker reported revenues in the fourth-quarter ending in June plunged 7.7% to $2.52 billion form a year ago period.

Net income in the quarter tumbled 41% to $153 million or 40 cents per diluted share compared to $257.7 million or 66 cents from the same quarter last year.

The company forecasted net sales for the first-quarter to increase between 13% and 14% and diluted earnings per share in the range of 66 cents to 69 cents.

For the year, the company estimated revenues to jump between 8% and 10% and diluted earnings per share in the range of $3.10 to $3.17.

Urban Outfitters, Inc (URBN), the lifestyle specialty retailer said total sales in the second-quarter ending on July 1 increased 7% to $867.5 million from a year ago period.

Net sales in comparable retail segment soared 14% at Free People chain, 4% at Urban Outfitters chain and 2% at Anthropologie chain.

Wholesale segment net sales surged 21%.

Net income in the quarter slid 1% to $66.8 million or 52 cents per diluted share compared to $67.5 million or 49 cents from the same quarter last year.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc