Adjusted earnings, excluding one-off items, dropped to $1.19 per share from $1.25 per share in the prior-year quarter. Net income came in at $176 million or $0.93 per share, compared to $159 million or $0.83 per share in the third quarter of 2019. Analysts had predicted a lower bottom-line number.
After a series of ups and downs, Keysight’s stock is currently trading broadly at the levels seen at the beginning of the year. It closed Thursday’s trading down 1% but moved up during the extended session soon after the earnings announcement.