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Keysight Technologies, Inc. (NYSE:KEYS) posted better-than-expected second-quarter earnings on Monday.
The company posted adjusted earnings of $1.41 per share, beating market estimates of $1.39 per share. The company's quarterly sales came in at $1.216 billion versus expectations of $1.203 billion, according to data from Benzinga Pro.
“Keysight executed well and delivered second quarter results above the high end of our guidance in a market environment that was consistent with the prior quarter,” said Satish Dhanasekaran, Keysight’s President and CEO. “We saw pockets of growth and stability across multiple end markets even as customer spending remained constrained. Our full-year outlook is unchanged and assumes modest order growth in the second half.”
Keysight Technologies said it expects third-quarter revenue of $1.18 billion to $1.20 billion and adjusted earnings of $1.30 to $1.36 per share.
Keysight Technologies shares gained 1.6% to close at $159.75 on Monday.
These analysts made changes to their price targets on Keysight Technologies after the company reported quarterly results.
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Posted In: KEYS
