Keysight: Fiscal Q1 Earnings Snapshot
SANTA ROSA, Calif. (AP) — SANTA ROSA, Calif. (AP) — Keysight Technologies Inc. (KEYS) on Tuesday reported fiscal first-quarter profit of $172 million.
On a per-share basis, the Santa Rosa, California-based company said it had profit of 98 cents. Earnings, adjusted for non-recurring costs and stock option expense, were $1.63 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.59 per share.
The electronic measurement technology company posted revenue of $1.26 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $1.25 billion.
For the current quarter ending in April, Keysight expects its per-share earnings to range from $1.34 to $1.40.
The company said it expects revenue in the range of $1.19 billion to $1.21 billion for the fiscal second quarter.
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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
