Agilent to Cut 4,000 More Jobs

Communications testing equipment and microchip maker Agilent Technologies Inc. said it will eliminate 4,000 jobs, doubling previously announced cuts, because recovery will take longer.

Agilent met Wall Street forecasts, reporting an operating loss of $275million, or 60 cents a diluted share, contrasted with a profit of $328million, or 71 cents a share, in the quarter a year ago.

The company noted falling orders and gave a glum outlook.

Agilent shares fell 28 cents to $25.03 before the news on the New York Stock Exchange.