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DAILY EARNINGS

Maximus Net Surges 50%, Agilent Net Falls 50%


Author: Mukesh Buch
ticker.com
Last Update: 11:23 AM ET November 15 2013

10:45 AM New York Agilent Technologies fourth-quarter net plunged 50% to $211 million after revenue fell 3%. Maximus fourth-quarter net surged 50% to $35.6 million and revenue soared 28%.

Earnings Review

Agilent Technologies, Inc (A), the electronic measurement provider reported revenues in the fourth-quarter ending in September fell 3% to $1.72 billion. Net income in the quarter tumbled 50% to $211 million or 63 cents a diluted share compared to $425 million or $1.20.

Agilent said orders in the quarter jumped 4% to $1.83 billion.

The company added revenue in the fiscal first-quarter between $1.68 billion and $1.70 billion and for the year revenue in the range of $6.95 billion to $7.15 billion.

Agilent said expect completion of separation into two publicly traded companies by early November 2014.

Maximus, Inc (MMS), the health and human service provider reported revenues in the fourth-quarter ending in September soared 28% to $384.3 million. Net income in the quarter climbed 50.2% to $35.6 million or 51 cents a diluted share compared to $23.7 million or 34 cents.

Health Services segment revenue for the quarter climbed 49% to $271 million but revenue from the Human Services segment dropped 5% to $113.3 million.

The company expects revenue for the fiscal 2014 in the range between $1.56 billion and $1.65 billion and diluted earnings per share to range between $1.75 and $1.85.
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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