Categories AlphaGraphs, Earnings, Technology

Keysight Technologies stock gains as Q3 earnings, revenue beat

Keysight Technologies, Inc. (NYSE: KEYS), a provider of test and measurement equipment, reported lower earnings and revenues for the third quarter of 2020. The results, however, topped expectations and the company’s stock gained on Thursday evening.

Keysight Technologies Q3 Earnings Infographic

Third-quarter revenues were $1.01 billion, down 7% from last year but sharply above the consensus forecast.

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.


Looking forward to listening to management/analysts’ comments on Q3 results? Stay tuned here for Keysight’s Q3 2020 earnings call transcript 


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.

Most Popular

NFLX Stock: Should you invest in Netflix ahead of upcoming earnings?

For a large number of people, streaming videos and TV shows are the first preference when they want to keep themselves engaged during the lockdown. Streaming giant Netflix, Inc. (NASDAQ:

Earnings: Citigroup (C) Q4 profit beats estimates; revenue edges up

Citigroup Inc. (NYSE: C) on Friday said its fourth-quarter profit decreased despite modest growth in revenues. However, the numbers topped the market’s projections. Fourth-quarter net profit declined to $3.2 billion

JPM Earnings: All you need to know about JPMorgan Chase’s Q4 2021 earnings results

JPMorgan Chase & Co. (NYSE: JPM) reported fourth-quarter 2021 earnings results today. Reported revenue was flat year-over-year to $29.3 billion. Net income decrease 12% to $12.1 billion while EPS decreased

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top