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

Aurora Cannabis (ACB) Earnings: 3Q21 Key Numbers

Aurora Cannabis Inc. (NYSE: ACB) reported third quarter 2021 earnings results today. Total revenues fell 25% year-over-year to CAD55.1 million. Adjusted EBITDA loss amounted to CAD24 million. Cash balance as

Walt Disney (DIS) Q2 revenue down 13%; earnings beat estimates

Media behemoth The Walt Disney Company (NYSE: DIS) reported second-quarter revenues that declined from last year as customers stayed away from theatres and parks due to pandemic-related safety issues and

Three key factors that bode well for Tattooed Chef (TTCF) going forward

Shares of Tattooed Chef Inc. (NASDAQ: TTCF) have gained 57% over the past 12 months but has dropped 25% since the start of this year. The sentiment on the stock

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