Keysight Techs Q2 2024 Adj EPS $1.41 Beats $1.39 Estimate, Sales $1.216B Beat $1.203B Estimate
Portfolio Pulse from Benzinga Newsdesk
Keysight Technologies (NYSE: KEYS) reported Q2 2024 adjusted EPS of $1.41, beating the estimate of $1.39. Sales were $1.216 billion, surpassing the $1.203 billion estimate. However, both EPS and sales decreased significantly compared to the same period last year.
May 20, 2024 | 8:06 pm
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Keysight Technologies reported Q2 2024 adjusted EPS of $1.41, beating the estimate of $1.39. Sales were $1.216 billion, surpassing the $1.203 billion estimate. Despite beating estimates, both EPS and sales decreased significantly compared to the same period last year.
While Keysight Technologies beat analyst estimates for both EPS and sales, the significant year-over-year decline in both metrics may temper investor enthusiasm. The short-term impact on the stock price is likely to be neutral as the positive earnings surprise is offset by the negative year-over-year performance.
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