Why Keysight Technologies Shares Are Falling Wednesday
Portfolio Pulse from Nabaparna Bhattacharya
Keysight Technologies Inc. (NYSE:KEYS) shares fell in premarket trading on Wednesday despite reporting Q1 2024 earnings and revenues that beat analyst expectations. The decline is attributed to year-over-year revenue drops in its Communications Solutions Group and Electronic Industrial Solutions Group, along with decreased cash flow from operations and free cash flow. The company's Q2 revenue and non-GAAP EPS forecasts also fell short of estimates.
February 21, 2024 | 12:34 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Keysight Technologies Inc. shares fell due to Q1 2024 earnings report showing year-over-year revenue drops and forecasts for Q2 revenue and non-GAAP EPS below estimates.
Despite beating Q1 2024 earnings and revenue expectations, KEYS shares fell due to negative year-over-year revenue growth in key segments and lower-than-expected Q2 forecasts. This indicates investor concerns over the company's short-term growth prospects and operational efficiency, leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100