Keysight Results Top Street, Outlook Robust; Stock Up 9%

(RTTNews) - Keysight Technologies Inc (KEYS) on Wednesday reported third-quarter net earnings of $70 million or $0.41 per share compared with $107 million or $0.64 per share last year.

Excluding items, adjusted earnings for the quarter were $0.55 per share compared with $0.80 per share a year ago.

Revenues for the quarter were $665 million compared with $757 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.46 per share on revenues of $656.7 million for the quarter. Analysts' estimates typically exclude special items.

For the fourth quarter, the company expects adjusted earnings of $0.57 to $0.71 per share on revenues of $735 million to $775 million. Analysts expect earnings of $0.60 per share on revenues of $718 million.

For the full year 2015, the company now expects adjusted earnings of $2.38 to $2.52 per share on revenues of $2.84 billion to $2.88 billion. Analysts expect earnings of $2.32 per share on revenues of $2.82 billion.

Keysight Technologies provides electronic measurement solutions to the communications and electronics industries.