Categories AlphaGraphs, Earnings, Technology
Infographic: Highlights of Keysight Technologies (KEYS) Q2 2020 earnings results
Keysight Technologies, Inc. (NYSE: KEYS) reported a 54% dip in earnings for the second quarter of 2020 as the supply chain disruptions dampened its revenue performance during the second half of the quarter. The results missed analysts’ expectations.
After site closures and limited capacity in March and April, the company is re-opening sites and ramping its production, which it expects to be back to 100% capacity by the end of the third quarter. Continued progress is expected in the third quarter with Q3 revenue, operating margin, and earnings expected to be in line with, or better than, the most recent quarter.
The company said these expectations are based on the order funnel and a strong backlog position and assume limited incremental supply chain constraints or disruption from additional shutdowns or a second wave of the pandemic.
Take a look at our Technology articles here
Most Popular
IPO Alert: What to look for when Boundless Bio goes public
Boundless Bio is preparing to debut on the Nasdaq stock market this week, and become the latest addition to the list of biotech firms that have launched IPOs this year.
Nike (NKE) bets on innovation and partnerships to return to high growth
Sneaker giant Nike, Inc. (NYSE: NKE) has been going through a rough patch for some time, with sales coming under pressure from weak demand and rising competition. Post-pandemic, the company
Walgreens Boots Alliance set to report earnings next week. Here’s what to expect
Walgreens Boots Alliance, Inc. (NASDAQ: WBA), the drug store chain that is expanding into a diversified healthcare provider, is on a restructuring drive aimed at better aligning the business with