SANTA ROSA, Calif. (AP) _ Keysight Technologies Inc. (KEYS) on Tuesday reported fiscal fourth-quarter net income of $195 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 $1.02. Earnings, adjusted for one-time gains and costs, were $1.33 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.18 per share.
The electronic measurement technology company posted revenue of $1.12 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $1.1 billion.
For the year, the company reported profit of $621 million, or $3.25 per share. Revenue was reported as $4.3 billion.
For the current quarter ending in February, Keysight expects its per-share earnings to range from $1.04 to $1.10.
The company said it expects revenue in the range of $1.05 billion to $1.07 billion for the fiscal first quarter.
Keysight shares have risen 70% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $105.80, a climb of 81% in the last 12 months.