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Keysight: Fiscal Q2 Earnings Snapshot

May 17, 2022 GMT

SANTA ROSA, Calif. (AP) _ Keysight Technologies Inc. (KEYS) on Tuesday reported fiscal second-quarter profit of $258 million.

The Santa Rosa, California-based company said it had net income of $1.41 per share. Earnings, adjusted for amortization costs and stock option expense, came to $1.83 per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.67 per share.

The electronic measurement technology company posted revenue of $1.35 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $1.3 billion.

For the current quarter ending in August, Keysight expects its per-share earnings to range from $1.74 to $1.80.

The company said it expects revenue in the range of $1.33 billion to $1.35 billion for the fiscal third 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