Keysight Techs Q1 EPS $1.63 Beats $1.59 Estimate, Sales $1.26B Beat $1.25B Estimate
Portfolio Pulse from Benzinga Newsdesk
Keysight Technologies (KEYS) reported Q1 earnings of $1.63 per share, surpassing the $1.59 estimate, and sales of $1.26B, exceeding the $1.25B estimate. However, this represents a 19.31% decrease in earnings and an 8.83% decrease in sales from the same period last year.
February 20, 2024 | 9:06 pm
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Keysight Technologies reported higher than expected Q1 earnings and sales, but with significant decreases from the previous year.
While KEYS exceeded analyst expectations for Q1, the significant year-over-year declines in both earnings and sales may temper investor enthusiasm. The positive earnings surprise could provide short-term support to the stock price, but the underlying decreases highlight potential challenges. The neutral score reflects this balance between positive earnings news and concerning year-over-year trends.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100