Summary
Agilent Technologies, Inc. filed a Form 8-K on February 14, 2011, to announce its financial results for the first fiscal quarter ended January 31, 2011. The filing primarily directs investors to a press release (Exhibit 99.1) containing these results. Agilent utilizes non-GAAP financial information alongside GAAP metrics to provide investors with a clearer view of its operational performance and future prospects. This non-GAAP approach, which excludes items like restructuring and amortization, is presented to offer insights into how management evaluates the company's core operating performance and to facilitate comparisons with historical results and competitors.
Key Highlights
- 1Agilent Technologies announced its Q1 2011 financial results via a press release filed on February 14, 2011.
- 2The company is providing non-GAAP financial information to offer supplemental insights into operational performance.
- 3Non-GAAP measures are used by management to assess core financial performance and facilitate comparisons.
- 4Items excluded in non-GAAP reporting include restructuring charges and amortization expenses.
- 5The press release (Exhibit 99.1) contains the detailed financial results and an explanation of the non-GAAP measures.
- 6This 8-K filing is primarily informational, directing investors to the attached press release for substantive financial details.
- 7Agilent emphasizes that its non-GAAP information may differ from that reported by other companies.
Frequently Asked Questions
The main purpose of this Form 8-K filing is to announce Agilent Technologies' financial results for the first fiscal quarter ended January 31, 2011, and to provide investors with access to the company's earnings press release, which contains the detailed financial information.
Agilent provides non-GAAP financial information as a supplemental measure to offer investors a better understanding of its operational performance and future prospects. Management uses these measures to assess core financial performance and make comparisons to historical results and competitors, providing insights 'through the eyes of management'.
Agilent's non-GAAP financial results exclude certain items that may materially affect expenses and earnings per share calculated under GAAP. These typically include restructuring charges and amortization expenses, which management monitors but does not use for measuring ongoing operating performance.
The detailed financial results for the first fiscal quarter ended January 31, 2011, along with an explanation of the non-GAAP financial information, are provided in the press release attached as Exhibit 99.1 to this Form 8-K filing.