Keysight Technologies tops fourth-quarter estimates aided by driven investments
Nov 19 (Reuters) -Electronic equipment maker Keysight Technologies KEYS.N reported its fourth-quarter profit above analysts' estimates on Tuesday, driven by investments in AI technology within its communications solutions unit.
Shares of Keysight were up 11% in after-hours trading.
"Keysight executed well and delivered fourth quarter revenue and earnings per share above the high end of guidance under market conditions which remained consistent with our expectations," CEO Satish Dhanasekaran said.
Keysight provides electronic design, testing and software products, such as oscilloscopes and network emulators used in radar and signal monitoring equipment, satellites and space programs, as well as in commercial and military aircraft.
The company also serves customers spanning across automotive, energy, semiconductor and general electronics end markets.
On an adjusted basis, the California-based company earned $1.65 per share for the fourth quarter ended Oct. 31, above estimates of $1.57 per share, according to data compiled by LSEG.
It reported fourth-quarter revenue of $1.29 billion, above expectations of $1.26 billion.
The company said it expects adjusted profit for the first quarter of fiscal 2025 to be between $1.65 and $1.71 per share, above analysts' average expectation of $1.58 per share.
Keysight expects first-quarter fiscal 2025 revenue to be between $1.27 billion and $1.29 billion, versus estimates of $1.23 billion.
Reporting by Nathan Gomes and Kannaki Deka in Bengaluru; Editing by Mohammed Safi Shamsi
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
