Agilent stock falls after earnings

Agilent Technologies Inc. shares fell more than 5% in the extended session Monday after it posted fiscal second-quarter earnings in line with Wall Street expectations. Shares in the medical device company fell a fraction to $69.23 during regular trading. The company reported fiscal second-quarter net income of $205 million, or 63 cents a share, compared with $164 million, or 50 cents a share, in the year-ago period. Adjusted earnings were 65 cents a share. Revenue rose to $1.21 billion from $1.1 billion in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of 64 cents a share on revenue of $1.21 billion. For the fiscal third quarter, analysts model adjusted earnings of 64 cents a share on sales of $1.21 billion. The company said it expects fiscal third-quarter adjusted earnings of 61 cents to 63 cents a share and revenue of $1.19 billion to $1.21 billion. Agilent stock has gained 3.3% this year, with the S&P 500 index rising 2%.