SANTA ROSA, Calif. (AP) — SANTA ROSA, Calif. (AP) — Keysight Technologies Inc. (KEYS) on Tuesday reported fiscal first-quarter net income of $169 million.
The Santa Rosa, California-based company said it had profit of 97 cents per share. Earnings, adjusted for one-time gains and costs, were $1.82 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.69 per share.
The electronic measurement technology company posted revenue of $1.3 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $1.28 billion.
For the current quarter ending in April, Keysight expects its per-share earnings to range from $1.61 to $1.67.
The company said it expects revenue in the range of $1.27 billion to $1.29 billion for the fiscal second quarter.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KEYS at https://www.zacks.com/ap/KEYS
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