Keysight Technologies (KEYS) Tops Q3 EPS by 1c, Miss on Revenues; Offers 4Q EPS/Revenue Outlook

August 30, 2017 4:07 PM

Keysight Technologies (NYSE: KEYS) reported Q3 EPS of $0.61, $0.01 better than the analyst estimate of $0.60. Revenue for the quarter came in at $832 million versus the consensus estimate of $853.54 million.

Fourth Quarter Outlook

Keysight provides guidance based on current market conditions and expectations.

Keysight’s fourth quarter 2017 GAAP revenue is expected to be in the range of $850 million to $880 million and non-GAAP revenue is expected to be in the range of $875 million to $905 million. Fourth quarter non-GAAPearnings per share are expected to be in the range of $0.59 to $0.69. Non-GAAP earnings per share as projected for the fourth quarter of fiscal year 2017 exclude items that pertain to future events and are not currently estimable with a reasonable degree of accuracy. Therefore, no reconciliation to GAAP amounts has been provided. Further information is discussed in the section titled “Non-GAAP Measures” below.

GUIDANCE:

Keysight Technologies sees Q4 2017 EPS of $0.59-$0.69, versus the consensus of $0.65. Keysight Technologies sees Q4 2017 revenue of $875-905 million, versus the consensus of $892.42 million.

Third Quarter Financial Summary

For earnings history and earnings-related data on Keysight Technologies (KEYS) click here.

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