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Feb. 24, 2020, 4:54 p.m. EST

Keysight stock gains after fiscal Q1 sales, profit beat

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    Keysight Technologies Inc. (KEYS)

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By Claudia Assis

KEYS

Shares of Keysight Technologies Inc. /zigman2/quotes/207530903/composite KEYS -1.47% rose more than 6% in the extended session Monday after the maker of electronics test and measurement equipment and software reported fiscal first-quarter profit and sales above Wall Street expectations. Keysight said it earned $163 million, or 86 cents a share, compared with $114 million, or 60 cents a share, in the first quarter of 2019. Adjusted for one-time items, Keysight earned $240 million, or $1.26 a share, compared with $176 million, or 93 cents a share, in the first quarter of 2019. Sales rose 9% to $1.1 billion. Analysts polled by FactSet had expected adjusted EPS of $1.08 on sales of $1.06 billion. The company guided for fiscal second-quarter sales between $1.138 billion and $1.178 billion, and adjusted EPS between $1.28 a share and $1.38 a share. The stock had ended the regular trading day down 5.5%.

/zigman2/quotes/207530903/composite
US : U.S.: NYSE
$ 82.52
-1.23 -1.47%
Volume: 1.30M
April 3, 2020 6:30p
P/E Ratio
23.52
Dividend Yield
N/A
Market Cap
$15.69 billion
Rev. per Employee
$313,721
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