Summary
Agilent Technologies, Inc. (A) filed an 8-K on November 15, 2016, to report its financial results for the fourth fiscal quarter ended October 31, 2016. The filing primarily directs investors to a press release (Exhibit 99.1) for detailed financial information. Agilent emphasizes its use of non-GAAP financial measures alongside GAAP to provide a clearer view of operational performance, allowing investors to understand results from management's perspective and facilitate comparisons with historical performance and competitors.
Key Highlights
- 1Agilent Technologies announced its fourth fiscal quarter and full-year 2016 financial results on November 15, 2016.
- 2The company is furnishing its financial results via a press release attached as Exhibit 99.1.
- 3Agilent utilizes non-GAAP financial measures to supplement GAAP reporting.
- 4The purpose of non-GAAP measures is to offer a more meaningful view of operational performance and future prospects, as seen through management's eyes.
- 5Non-GAAP information helps in comparing Agilent's performance against its historical results and those of its competitors.
- 6Excluded from non-GAAP measures are certain items like restructuring and amortization, which management monitors but does not use for ongoing operating performance evaluation.
- 7Investors are advised that the non-GAAP information provided may differ from that of other companies.
Frequently Asked Questions
This 8-K filing is primarily to announce and provide Agilent Technologies' financial results for the fourth fiscal quarter ended October 31, 2016. The detailed results are presented in an attached press release (Exhibit 99.1).
Agilent uses non-GAAP financial measures to offer supplemental insights into its operational performance. The company believes these measures provide investors with a better understanding of core financial performance and future prospects, reflecting how management assesses the company's ongoing operations and facilitates comparisons with historical data and competitors.
Agilent excludes certain items from its non-GAAP financial measures, such as restructuring costs and amortization. While management monitors these items for GAAP reporting accuracy, they are not used to evaluate the company's ongoing operating performance.
The filing notes that the non-GAAP information provided by Agilent may differ from the non-GAAP information presented by other companies. Investors should be aware of this potential difference when making comparisons.