Keysight: Fiscal 3Q Earnings Snapshot
Aug. 21, 2018
SANTA ROSA, Calif. (AP) _ Keysight Technologies Inc. (KEYS) on Tuesday reported fiscal third-quarter net income of $121 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Santa Rosa, California-based company said it had profit of 63 cents. Earnings, adjusted for one-time gains and costs, were 89 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 80 cents per share.
The electronic measurement technology company posted revenue of $1 billion in the period.
For the current quarter ending in October, Keysight expects its per-share earnings to range from 85 cents to 91 cents.
The company said it expects revenue in the range of $996 million to $1.02 billion for the fiscal fourth quarter.
Keysight shares have risen 45 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $60.43, a rise of 51 percent in the last 12 months.