Agilent Technologies Inc. (NYSE: A) reported disappointing fourth quarter results and issued a weak outlook, causing the stock to plummet 5.12% in pre-market trading on Thursday.

For the fourth quarter ended January 31, 2025, the company reported revenue of $1.681 billion, up 1% year-over-year but missing analysts' expectations. Net loss was $662.3 million, or $6.22 per share, compared to a net income of $120.4 million, or $1.13 per share, in the prior-year quarter. The loss was primarily driven by impairment charges of around $1 billion related to the company's Sweet Baked Snacks reporting unit and the Hostess brand indefinite-lived trademark.

Adjusted earnings per share came in at $2.61, exceeding analysts' estimates but reflecting a slower growth rate compared to the previous year.

Looking ahead, Agilent lowered its full-year revenue guidance to $6.68 billion to $6.76 billion, representing a negative impact of $110 million due to the strengthening of the U.S. dollar. The company maintained its adjusted earnings per share guidance of $5.54 to $5.61, reflecting a growth of 4.7% to 6% year-over-year.

The weak results and outlook were impacted by softness in the academia and government end markets, as well as uncertainty surrounding potential reductions in NIH funding and tariff impacts. Agilent stated that while it has not seen a material impact from these factors yet, it has taken a prudent approach in its guidance.