Keysight Technologies stock gains on Q4 beat By Investing.com

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Keysight Technologies stock gains on Q4 beat

Published Nov 21, 2023 06:06

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Keysight Technologies (NYSE:KEYS) shares rose more than 2% after-hours following the company’s reported Q4 results, with EPS of $1.99 coming in better than the consensus estimate of $1.87.

Revenue fell 9% year-over-year to $1.31 billion, beating the consensus estimate of $1.3B. Communications Solutions Group (CSG) reported revenue of $891 million, down 10% year-over-year. Electronic Industrial Solutions Group (EISG) revenue came in at $420M, representing a 7% year-over-year decline.

“Keysight delivered solid fourth quarter results and finished the year with record revenue, gross margin, and operating margin,” said CEO Satish Dhanasekaran.

For Q1/24, the company expects revenue to be in the range of $1.235-$1.255B, compared to the consensus of $1.24B, and EPS in the range of $1.53-$1.59, compared to the consensus of $1.67.

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