Keysight Beats Q3 Estimates, Shares Rise

Keysight Technologies Inc reported third-quarter results after Tuesday's close, beating analyst expectations on both revenue and profit. Here are the details from the report.

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Keysight Q3 Details

Keysight Technologies reported adjusted earnings per share of $3.07, surpassing the analyst consensus estimate of $2.48.

Quarterly revenue came in at $1.85 billion, exceeding Wall Street's expectation of $1.74 billion.

Segment performance:

The Communications Solutions Group reported third-quarter revenue of $1.345 billion, up 43% year-over-year.

The Electronic Industrial Solutions Group reported third-quarter revenue of $501 million, up 21%.

Keysight President and CEO Satish Dhanasekaran said: "Keysight's record third-quarter results and outlook reflect the growing relevance of our strategy and portfolio, which enables customers to solve complex engineering challenges across our end markets."

Outlook

Keysight expects fourth-quarter adjusted earnings per share of $3.34 to $3.40, compared to analyst expectations of $2.70; revenue is expected between $1.93 billion and $1.95 billion, versus expectations of $1.81 billion.

KEYS stock price action: According to data, Keysight Technologies shares rose 3.65% to $353.44 in Tuesday's after-hours trading.