Keysight Technologies, Inc. (KEYS) reported a profit for its second quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $258 million, or $1.41 per share. This compares with $186 million, or $0.99 per share, in last year's second quarter.
Excluding items, Keysight Technologies, Inc. reported adjusted earnings of $334 million or $1.83 per share for the period.
Analysts on average had expected the company to earn $1.67 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 10.7% to $1.35 billion from $1.22 billion last year.
Keysight Technologies, Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $258 Mln. vs. $186 Mln. last year.
-EPS (Q2): $1.41 vs. $0.99 last year.
-Analyst Estimate: $1.67
-Revenue (Q2): $1.35 Bln vs. $1.22 Bln last year.
-Guidance:
Next quarter EPS guidance: $1.74 - $1.80
Next quarter revenue guidance: $1.33 - $1.35 Bln
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