Keysight Technologies Inc (NYSE:KEYS) posted its third-quarter results after Tuesday’s closing bell, beating analyst estimates on the top and bottom lines. Here’s a look at the details inside the report.
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Keysight Q3 Details
Keysight Technologies reported adjusted earnings of $3.07 per share, which beat the $2.48 analyst consensus estimate, according to Benzinga Pro data.
Quarterly revenue came in at $1.85 billion, which beat the Street estimate of $1.74 billion.
Segment Results:
- Communications Solutions Group (CSG) reported revenue of $1.345 billion in the third quarter, up 43% from the prior year.
- Electronic Industrial Solutions Group (EISG) reported revenue of $501 million in the third quarter, up 21%.
“Keysight’s record Q3 results and outlook reflect the growing relevance of our strategy and portfolio, which is enabling customers to solve complex engineering challenges across our end markets,” said Satish Dhanasekaran, Keysight’s president and CEO.
Looking Ahead
Keysight expects fourth-quarter adjusted EPS of $3.34 to $3.40, versus the $2.70 analyst estimate, and revenue in a range of $1.93 billion to $1.95 billion, versus the $1.81 billion estimate.
KEYS Stock Price Activity: According to data from Benzinga Pro, Keysight Technologies stock was up 3.65% to $353.44 in Tuesday’s extended trading.
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