Keysight (KEYS) reports a top-line contraction year over year in the third quarter of fiscal 2024, owing to soft demand trends in several verticals.
Keysight Technologies showed new order growth in Q3, indicating a bottoming out of the cycle. Growth driven by strong performance in commercial communications and AI investments in data centers. The acquisition of Spirent Communications and focus on software and services are expected to enhance strength in 5G and other markets.
Shares of Keysight Technologies Inc. rallied after hours on Tuesday after the tech-services provider offered a fiscal fourth-quarter forecast that came in above Wall Street's expectations, helped by a “stable” backdrop for tech spending.
Keysight Technologies, Inc. (NYSE:KEYS ) Q3 2024 Earnings Conference Call August 20, 2024 4:30 PM ET Company Participants Jason Kary - Vice President, Treasurer and Investor Relations Satish Dhanasekaran - President and Chief Executive Officer Neil Dougherty - Executive Vice President and Chief Financial Officer Mark Wallace - Senior Vice President, Global Sales Chief Customer Officer Conference Call Participants Mark Delaney - Goldman Sachs Aaron Rakers - Wells Fargo Michael Allen - Deutsche Bank David Ridley-Lane - Bank of America Meta Marshall - Morgan Stanley Mehdi Hosseini - SIG Adam Thalhimer - Thomas Davis Rob Jameson - Vertical Research Partners Priyanka Thapa - JPMorgan Operator Good day, ladies and gentlemen, and welcome to Keysight Technologies Fiscal Third Quarter 2024 Earnings Conference Call. My name is Sierra, and I'll be your lead operator for today.
Although the revenue and EPS for Keysight (KEYS) give a sense of how its business performed in the quarter ended July 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Keysight (KEYS) came out with quarterly earnings of $1.57 per share, beating the Zacks Consensus Estimate of $1.35 per share. This compares to earnings of $2.19 per share a year ago.
Electronic equipment maker Keysight Technologies beat third-quarter revenue and profit estimates on Tuesday, on securing higher orders, sending its shares up 10% in aftermarket trading.
Evaluate the expected performance of Keysight (KEYS) for the quarter ended July 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Keysight (KEYS) is expected to report a top-line decline year over year owing to weakness in the consumer electronics and semiconductor sector.
Keysight (KEYS) achieves a major milestone by helping Qualcomm establish the industry's first end-to-end interoperability and data connection in the high-band FR3 spectrum.
Keysight (KEYS) advances the capabilities of the MP4300A Modular Solar Array Simulator platform to enhance the validation of power management systems for spacecraft and satellite applications.
Keysight (KEYS) partners with AI-RAN Alliance, highlighting its commitment to advancing AI technology in RAN and driving innovation across communication and computing sectors.