Agilent Technologies Announces Adjustment to Second-Quarter 2014 GAAP Net Income
SANTA CLARA, Calif., June 4, 2014
Agilent Technologies Inc. (NYSE: A) today announced that the company's second-quarter 2014 GAAP net income was $139 million, or $0.41 per share, a change from the second-quarter GAAP net income of $150 million, or $0.45 per share, previously announced May 14, 2014.
As disclosed in the company's quarterly report on Form 10-Q filed today, this change was made as a result of an out-of-period adjustment for tax expense. There have been no changes to the second-quarter 2014 non-GAAP net income of $244 million, or $0.72 per share(1), previously announced by the company May 14.
About Agilent Technologies
Agilent Technologies Inc. (NYSE: A) is the world's premier measurement company and a technology leader in chemical analysis, life sciences, diagnostics, electronics and communications. The company's 20,600 employees serve customers in more than 100 countries. Agilent had revenues of $6.8 billion in fiscal 2013. Information about Agilent is available at www.agilent.com.
On Sept. 19, 2013, Agilent announced plans to separate into two publicly traded companies through a tax-free spinoff of its electronic measurement business. The new company is named Keysight Technologies, Inc. The separation is expected to be completed in early November 2014.
Additional information regarding financial results can be found at www.investor.agilent.com by selecting "Financial Results" in the "Financial Information" section.
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(1)Non-GAAP net income and non-GAAP net income per share exclude primarily the impacts of acquisition and integration costs, pre-separation costs, transformation initiatives and restructuring costs, and non-cash intangibles amortization. Agilent also excludes any tax benefits that are not directly related to ongoing operations and which are either isolated or cannot be expected to occur again with any regularity or predictability. A reconciliation between non-GAAP net income and GAAP net income is set forth in the attached table.
Download Financial Statements for Second-Quarter Fiscal 2014
Financial Tables (39KB)
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