Keysight Technologies Stock Gains After-Hours On Solid Q4 Earnings

Zinger Key Points
  • Keysight reports fourth-quarter EPS of $1.99, versus $1.87. Revenue of $1.31 billion beat $1.30 billion estimate
  • The company issues first-quarter EPS outlook of between $1.53 and $1.59. Revenue is expected to be between $1.235 billion and $1.255 billion

Keysight Technologies KEYS shares are trading higher in Monday's after-hours session after the company reported better-than-expected fourth-quarter financial results. Here's a summary of the details.

What To Know: Keysight Technologies reported quarterly earnings of $1.99 per share, exceeding The Street's estimate of $1.87, a 7.01% decrease over earnings of $2.14 per share from the same period last year.

Revenue clocked in at $1.31 billion which beat the analyst consensus estimate of $1.30 billion, a 9.22% decrease over sales of $1.44 billion the same period last year.

Additionally, cash flow from operations was $378 million, compared with $398 million last year. Free cash flow was $340 million, compared with $340 million in the same period of 2022.

The company sees first-quarter earnings between $1.53 and $1.59 per share, versus the $1.67 estimate, and revenue between $1.235 billion and $1.255 billion, versus the $1.24 billion estimate.

"Keysight delivered solid fourth quarter results and finished the year with record revenue, gross margin, and operating margin," said Satish Dhanasekaran, Keysight's President and CEO. "In what remains a challenging macro environment, our strategic customer engagement is high, and we are continuing to capitalize on opportunities across a broad and diverse set of end markets, positioning us well for an eventual recovery."

Related Link: Why GD Culture Group Stock Popped Today

KEYS Price Action: Shares of KEYS were up 1.67% at $137.21 in the after-hours session at the time of publication, according to Benzinga Pro

Image by Pexels from Pixabay

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!