Agilent Technologies Inc. (NYSE: A) today announced the company will participate in the Wells Fargo 2020 Virtual Healthcare Conference on Wednesday, Sept. 9. A webcast of the event will be available for the investment community. The details:
What: Wells Fargo 2020 Virtual Healthcare Conference
When: Wednesday, Sept. 9 at 10:40 a.m. (EDT)
Who: Bob McMahon, Agilent chief financial officer
When they become available, links to join the webcast may be found in the "News & Events – Events” section of the Investor Relations portion of the Agilent website.
About Agilent Technologies
Agilent Technologies Inc. (NYSE: A) is a global leader in life sciences, diagnostics and applied chemical markets. Now in its 20th year as an independent company delivering insight and innovation toward improving the quality of life, Agilent instruments, software, services, solutions and people provide trusted answers to customers' most challenging questions. The company generated revenue of $5.16 billion in fiscal 2019 and employs 16,300 people worldwide. Information about Agilent is available at www.agilent.com. To receive the latest Agilent news, subscribe to the Agilent Newsroom. Follow Agilent on LinkedIn, Twitter, and Facebook.
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(RTTNews) - The Malaysia stock market on Monday halted the three-day slide in which it had fallen more than 20 points or 1.4 percent. The Kuala Lumpur Composite Index now rests just beneath the 1,520-point plateau although it's expected to open under pressure on Tuesday.
The global forecast for the Asian markets is soft on doubts for stimulus to combat the rising number of coronavirus cases. The European and U.S. markets were down and the Asian bourses are expected to follow suit.
The KLCI finished modestly higher on Monday following gains from the financial shares, plantation stocks and rubber glove makers.
For the day, the index climbed 14.27 points or 0.95 percent to finish at 1,518.11 after trading between 1,505.92 and 1,521.91. Volume was 9.494 billion shares worth 5.431 billion ringgit. There were 722 gainers and 387 decliners.
Among the actives, Top Glove surged 3.73 percent, while Hartalega Holdings soared 3.37 percent, Malaysia Airports Holdings spiked 2.47 percent, Petronas Chemicals accelerated 2.39 percent, IOI Corporation rallied 1.90 percent, Sime Darby Plantations jumped 1.63 percent, Digi.com climbed 1.51 percent, MISC tumbled 1.06 percent, Kuala Lumpur Kepong gathered 1.02 percent, Sime Darby skidded 0.83 percent, Maxis and Dialog Group both perked 0.81 percent, Press Metal advanced 0.76 percent, Maybank collected 0.70 percent, PPB Group sank 0.63 percent, Tenaga Nasional added 0.60 percent, Genting Malaysia gained 0.50 percent, RHB Capital rose 0.47 percent, AMMB Holdings increased 0.34 percent, Genting and CIMB Group both improved 0.33 percent, IHH Healthcare was up 0.20 percent, Public Bank dipped 0.13 percent and Hap Seng Consolidated and Axiata Group were unchanged.
The lead from Wall Street is broadly negative as stocks showed a lack of direction early in Monday's trade but headed firmly south as the day progressed.
The Dow tumbled 410.89 points or 1.44 percent to finish at 28,195.42, while the NASDAQ sank 192.67 points or 1.65 percent to close at 11,478.88 and the S&P 500 dropped 56.89 points or 1.63 percent to end at 3,426.92.
The weakness on Wall Street reflected concerns about whether lawmakers in Washington will reach an agreement on a new stimulus bill, with reports suggesting there remains an array of additional differences that must be addressed in a comprehensive manner in the next 48 hours.
In economic news, the National Association of Homebuilders said that homebuilder confidence climbed to a fresh record high in October versus expectations for no change.
Crude oil futures ended slightly lower on Monday, weighed down by lingering concerns about energy demand outlook due to rising coronavirus cases. West Texas Intermediate crude oil futures for November ended at $40.83 a barrel, down $0.05 or 0.1 percent at $40.83 a barrel.
Ferguson reported that their revenue dropped 0.9% to $21.8 billion during 12 months to July 31
The group said it plans to pay the last dividend of $2.08 after reporting “better than expected trading”
Shares have gained over 110% since March to log fresh record highs this morning
Shares of Ferguson PLC (LON: FERG) printed a fresh record high today after the plumbing giant said it will resume its final dividend payments in spite of a pandemic-induced profit decline.
Fundamental analysis: Final dividend resumed
Ferguson reported that their revenue dropped 0.9% to $21.8 billion during 12 months to July 31, compared to $22bn in the same period year ago. The plumbing giant retained its revenue growth on a permanent basis and increased trading profit ahead of revenue in the face of lockdown restrictions in the second half of the year.
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Profit before tax plunged by 4.8% to £1.26bn, down from $1.3bn last year. Total basic earnings per share plummeted by 11.2% year-over-year to $4.28, compared to $4.81 from year-ago.
Nevertheless, Ferguson said it had “excellent operating cash generation” and retained a stable balance sheet and liquidity position.
As a result, the group said it plans to pay the last dividend of $2.08 after reporting “better than expected trading”. Ferguson said it paid a final dividend of $1.45 last year, but pulled out its interim dividend and halted a $500m stock buyback in April after the pandemic outbreak.
The company pointed out it stayed “cautious on the outlook for the year” ahead but assured investors it’s in a good position to withstand another fallout. It said it produced “strong and resilient” results for the full year in the face of several months-long lockdowns.
In the second half of the year, the business impact was significant, the group said, pushing it to take immediate measures to preserve capital flow and reinforce finances.
Technical analysis: New record highs
Ferguson stock price exceeded the 8000p mark this morning to print a fresh record high. Shares have gained over 110% since March to burst through the previous record high set in February this year.
Ferguson stock chart (TradingView)
Given that the company expects to continue to execute strongly in the coming quarters, there’s no reason not to invest in the stock. The only concerns from our side is a high valuation given that the stock trades at record highs.
A monthly close above 7700p, which is likely to happen, will pave the way for higher levels. The next target for the buyers is 8790p, where the 127.2% Fibonacci extension line is located. Any pullback from these levels should be considered as a buying opportunity.
Ferguson, one of the largest distributors of plumbing supplies in the world, said it will continue paying dividends on Tuesday even after taking a hard hit from the coronavirus. Shares rose to a record high over 8000p early this morning.