Orders for the Semiconductor and Board Test segment fell 56% year-over-year to $36 million, but were up 60% sequentially. Revenues slid 59% to $37 million.  

For the quarter ending July 31, GAAP net loss was $19 million, compared to a net income of $169 million last year. The loss, the company’s second in a row, is attributed to lower sales, as well as restructuring and impairment charges. 

Geographically, Asia posted the strongest sales, with China and Japan up 48% and 8% respectively. Other Asian regions saw revenues increase 19%. Sales to Europe dropped 22% from last year, and the Americas were down 13%. 

During the quarter, Agilent announced its acquisition of Varian Inc. for $1.5 billion, the deal is expected to be finalized by the end of the year.  Fourth-quarter sales are forecast to improve seasonally, and the restructuring program should continue to positively affect operating results, according to Bill Sullivan, president and CEO.