SANTA ROSA, Calif. (AP) — SANTA ROSA, Calif. (AP) — Keysight Technologies Inc. (KEYS) on Monday reported fiscal first-quarter net income of $281 million.
On a per-share basis, the Santa Rosa, California-based company said it had net income of $1.63. Earnings, adjusted for one-time gains and costs, were $2.17 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.99 per share.
The electronic measurement technology company posted revenue of $1.6 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $1.54 billion.
For the current quarter ending in April, Keysight expects its per-share earnings to range from $2.27 to $2.33.
The company said it expects revenue in the range of $1.69 billion to $1.71 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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