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PCTEST, Part of Element, Selects Keysight’s 5G Test Solutions to Verify Performance of 5G Devices Across Frequency Range 1 and 2
Keysight Technologies Inc. shares sank 7% in after-hours trading Tuesday after the maker of electronics test and measurement equipment and software reported fiscal second-quarter results that badly missed Wall Street estimates. Keysight reported net income of $71 million, or 37 cents a share, compared with net income of $153 million, or 80 cents a share, in the year-ago quarter. Adjusted earnings were 78 cents a share, down from $1.22 a share a year ago. Revenue tumbled 18% to $895 million from $1.09 billion a year ago. "While supply chain disruptions dampened our revenue performance during the second half of the quarter, which includes April, our results demonstrated the resiliency of our operating model and durable cash generation as we reached a record cash balance of $1.8 billion," Keysight Chief Executive Ron Nersesian said in a statement announcing the results. Analysts surveyed by FactSet had expected adjusted earnings of $1.14 a share on sales of $1.064 billion. Keysight shares are up 0.8% this year. The broader S&P 500 index is down 7.4% in 2020.
Q2 2020 Keysight Technologies Inc Earnings Call
Keysight's (KEYS) fiscal second-quarter results hurt by coronavirus crisis led supply chain disruption and shutdown of production facilities.
Keysight Technologies to Present at Baird 2020 Global Consumer, Technology & Services Conference
Keysight Technologies late Tuesday missed Wall Street's target for its fiscal second quarter due to business disruptions from the coronavirus pandemic. KEYS stock fell in late trades.
Keysight Technologies is forming a base showing a 110.10 buy point as it gets set to report earnings on May 26. The chart pattern is a first-stage consolidation. Keysight Technologies has a 93 Composite Rating and earns the No. 1 rank among its peers in the Electronics-Scientific Measuring industry group.
Keysight Technologies Releases 2019 Corporate Social Responsibility Report — Surpasses Social Impact Goals
Thank you and welcome everyone to Keysight's second quarter earnings conference call for fiscal year 2020. Joining me are Ron Nersesian, Keysight's Chairman, President, and CEO and Neil Dougherty, Keysight's Senior Vice President and CFO. Joining us in the Q&A session will be Mark Wallace, Senior Vice President of Worldwide Sales and Satish Dhanasekaran, President of the Communications Solutions Group.
Shares of Keysight Technologies (NYSE:KEYS) fell 5.7% in after-market trading after the company reported Q2 results.Quarterly Results Earnings per share were down 36.07% over the past year to $0.78, which missed the estimate of $1.20.Revenue of $892,000,000 decreased by 18.39% year over year, which missed the estimate of $1,110,000,000.Looking Ahead Earnings guidance hasn't been issued by the company for now.Details Of The Call Date: May 26, 2020Time: 04:30 PMView more earnings on KEYSET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.keysight.com%2Finvestor-relations%2Fdefault.aspx&eventid=2156834&sessionid=1&key=F887AA7E459AA8622B13064BC853C266®Tag=&sourcepage=registerRecent Stock Performance 52-week high was at $110.0052-week low was at $71.03Price action over last quarter: Up 2.87%Company Profile Keysight Technologies Inc provides electronic design and test solutions to the communications and electronics industries. The firm operates in two segments: measurement solutions and customer support and services. The measurement solutions segment generates the vast majority of revenue and sells hardware and software products, including radio frequency, microwave, and digital solutions. The customer support and services segment provides repair and calibration services to customers who have purchased Keysight products and helps resell refurbished equipment. Over half of Keysight's sales are generated in the United States, China, and Japan.See more from Benzinga * Heico: Q2 Earnings Insights * Novavax: Price Over Earnings Overview * P/E Ratio Insights for Cellectar Biosciences(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The number of deaths from the coronavirus that causes COVID-19 rose above 353,000 on Wednesday, as the World Health Organization said the Americas are at the center of the pandemic following surges in infections in Brazil, Peru, Chile and others in the past few days.
Keysight (KEYS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The U.S. Treasury is gearing up to auction a $3 trillion in debt to finance the growing federal budget deficit. Charles Schwab Chief Fixed Income Strategist Kathy Jones joins Yahoo Finance’s Seana Smith to discuss.
The three major indexes closed in the green on Tuesday, as investors remained hopeful about coronavirus vaccine and that economies around the globe were recovering from the pandemic-driven lockdown over the past few months.
Keysight (KEYS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Keysight and Credo Collaborate to Deliver PAM-4-to-NRZ Signal Conversion Technology for 400GE-to-100GE Data Center Test Solutions
Keysight's (KEYS) fiscal second-quarter results are likely to reflect robust adoption of its 5G NR test solutions amid coronavirus crisis and Huawei blacklisting concerns.
Keysight Technologies Reports Second Quarter 2020 Results
Keysight 5G Device Test and Validation Solutions Selected by China Unicom