Keysight: Fiscal Q2 Earnings Snapshot
Posted May 19, 2021 4:37 pm.
Last Updated May 19, 2021 4:54 pm.
This article is more than 5 years old.
SANTA ROSA, Calif. (AP) _ Keysight Technologies Inc. (KEYS) on Wednesday reported fiscal second-quarter profit of $186 million.
The Santa Rosa, California-based company said it had net income of 99 cents per share. Earnings, adjusted for one-time gains and costs, were $1.44 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.34 per share.
The electronic measurement technology company posted revenue of $1.22 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $1.21 billion.
For the current quarter ending in August, Keysight expects its per-share earnings to range from $1.39 to $1.45.
The company said it expects revenue in the range of $1.21 billion to $1.23 billion for the fiscal third quarter.
Keysight shares have risen nearly 5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $138.22, a climb of 44% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KEYS at https://www.zacks.com/ap/KEYS
The Associated Press
