Keysight Techs Q4 Adj $1.99 Beats $1.87 Estimate, Sales $1.31B Beat $1.30B Estimate
Portfolio Pulse from Benzinga Newsdesk
Keysight Technologies (NYSE:KEYS) reported Q4 adjusted earnings of $1.99 per share, surpassing the consensus estimate of $1.87, and sales of $1.31B, slightly above the $1.30B estimate. However, these figures represent a decrease from the same period last year, with earnings down 7.01% and sales down 9.22%.
November 20, 2023 | 9:10 pm
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Keysight Technologies exceeded Q4 earnings and sales estimates but showed a year-over-year decline in both metrics. Earnings per share were down 7.01% and sales were down 9.22% compared to the same quarter last year.
While Keysight Technologies beat analyst estimates for Q4, the decline in year-over-year earnings and sales may temper investor enthusiasm. The positive earnings surprise could provide some short-term positive sentiment, but the overall decline in financial performance compared to the previous year could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100