KEYS Q4 Earnings Top Estimate, Top Line Down on Weakness in Automotive
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Keysight Technologies reported a decline in its top-line revenue for Q4, primarily due to reduced demand in the electric vehicle market. However, the company saw strong order growth in the aerospace and defense sectors.
November 20, 2024 | 4:00 pm
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Keysight Technologies' Q4 earnings exceeded estimates, but revenue declined due to weak demand in the electric vehicle market. The company experienced strong order growth in aerospace and defense.
The earnings beat suggests positive financial performance, but the revenue decline due to weak EV market demand is a concern. Strong order growth in aerospace and defense may offset some of the negative impact.
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