Why Keysight Technology Stock Popped Today
Shares of Keysight Technology (NYSE: KEYS) have popped today, up by 13% as of 2:45 p.m. EDT, after the company reported fiscal third-quarter earnings. Both top- and bottom-line results came in ahead of consensus estimates.
Revenue in the fiscal third quarter jumped 8% to $1.09 billion, compared to the $1.05 billion in sales that analysts were expecting. That translated into adjusted net income of $239 million, or $1.25 per share. The market was expecting just $1.02 per share in adjusted profits. The industrial services company finished the quarter with $1.4 billion in cash on the balance sheet.
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Source Fool.com
