Why Keysight Stock Is Trading Lower After-Hours
Portfolio Pulse from Ryan Gustafson
Keysight Technologies Inc. reported Q3 earnings of $2.19 per share, beating the analyst consensus estimate of $2.04. However, the company issued a Q4 earnings outlook below estimates, which led to a decrease in its stock price in the after-hours trading session.
August 17, 2023 | 8:44 pm
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Keysight Technologies' stock price fell after the company issued a Q4 earnings outlook below estimates, despite beating Q3 estimates.
Keysight Technologies beat Q3 estimates, which would typically lead to a positive reaction in the stock market. However, the company's Q4 outlook was below estimates, which is likely the main reason for the decrease in its stock price. Investors may be concerned about the company's future performance, leading to a sell-off in the after-hours trading session.
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