Keysight (KEYS) Q4 Earnings Beat Estimates, Revenues Up Y/Y
Zacks Investment Research | Nov 26, 2019 10:04PM ET
Keysight Technologies, Inc. (NYSE:KEYS) delivered fourth-quarter fiscal 2019 non-GAAP earnings of $1.33 per share, which surpassed the Zacks Consensus Estimate of $1.18. The bottom-line figure rose from $1.01 reported in the year-ago quarter and fell within management’s prior guidance of $1.14-$1.2 per share.
Non-GAAP revenues increased 7% year over year to $1.122 billion, exceeding management’s guided range of $1.08-$1.1 billion. Non-GAAP core revenues (excluding the impact of currency and revenues from acquisitions in a year’s time) increased 7% year over year.
Meanwhile, GAAP revenues advanced 7% from the year-ago quarter to $1.12 billion. The top line exceeded the Zacks Consensus Estimate of $1.10 billion.
Robust performance in the quarter was mainly supported by the company’s leading position across market such as 5G, aerospace defense, network visibility and general electronics. Further, the company is well-positioned to sustain growth momentum, courtesy of its differentiated and broad portfolio of solutions across several end-markets
Coming to price performance, shares of the company were up 2.6% in after-hours trading on Nov 26. Notably, Keysight’s stock has surged 78% in a year compared with the Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.