Keysight Technologies on Thursday reported quarterly earnings that beat Wall Street expectations and issued a fourth-quarter forecast largely in line with estimates.
The electronic measurement company posted earnings of $1.72 per share for the third quarter ended July, compared with analysts’ consensus estimate of $1.67.
Revenue rose to $1.35 billion, ahead of expectations of $1.32 billion.
For the fiscal fourth quarter, Keysight said it has raised its outlook expecting earnings in the range of $1.79 to $1.85 per share, estimates are of $1.80.
Company said its revenue is expected to be between $1.37 billion and $1.39 billion, levels roughly in line with market expectations.
“We are executing our strategy and capitalizing on the opportunities in our end markets,” said Satish Dhanasekaran, CEO
Shares were slightly higher in after-hours trading.
Source :
https://www.investing.com/news/earnings/keysight-tops-estimates-and-issues-steady-outlook-4200783
