Keysight: Fiscal 4Q Earnings Snapshot
SANTA ROSA, Calif. (AP) _ Keysight Technologies Inc. (KEYS) on Tuesday reported a loss of $114 million in its fiscal fourth quarter.
The Santa Rosa, California-based company said it had a loss of 61 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.01 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 91 cents per share.
The electronic measurement technology company posted revenue of $1.05 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $1.02 billion.
For the year, the company reported profit of $165 million, or 86 cents per share. Revenue was reported as $3.88 billion.
For the current quarter ending in February, Keysight expects its per-share earnings to range from 76 cents to 82 cents.
The company said it expects revenue in the range of $962 million to $982 million for the fiscal first quarter.
Keysight shares have climbed 31 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $54.36, a climb of 24 percent in the last 12 months.