Agilent Technologies Reports First Quarter 2003 Results


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Palo Alto, Calif. -- Agilent Technologies Inc. has reported orders of $1.36 billion and revenue of $1.41 billion for the fiscal first quarter ended January 31, 2003.

On an operating earnings-before-restructuring basis, the company lost 23 cents per share. After $12 million of non-cash amortization charges and $42 million of restructuring expenses, the net first quarter loss from continuing operations was $112 million, or 24 cents per share on a generally accepted accounting principle (GAAP) basis.

Agilent's orders were down 22 percent compared to a year ago in the Americas, about flat in Europe and up 7 percent in Asia.

While all of Agilent's business segments were relatively soft in the first quarter, the company said it saw particular weakness in its semiconductor equipment, test and measurement, and chemical analysis businesses compared to prior expectations.

Agilent Technologies Inc. is a global technology leader in communications, electronics and life sciences. For more information, visit www.agilent.com.

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