Keysight stock gains after company eyes ‘recovery’

Shares of Keysight Technologies Inc. KEYS rose more than 2% in the extended session Monday after the maker of test and measurement equipment and software reported quarterly earnings above expectations, saying it was set up for a recovery despite a “challenging” macroeconomic environment. Keysight earned $226 million, or $1.28 a share, in the quarter, compared with $299 million, or $1.66 a share, in the fourth quarter of 2022. Adjusted for one-time items, the company earned $1.99 a share. Revenue fell to $1.31 billion, from $1.44 billion last year. FactSet consensus called for adjusted earnings of $1.87 a share on sales…

Master your money.

Subscribe to MarketWatch.

Get this article and all of MarketWatch.

Access from any device. Anywhere. Anytime.

Subscribe Now

Log In

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *