Keysight stock gains after company eyes ‘recovery’

Keysight stock gains after company eyes ‘recovery’


Shares of Keysight Technologies Inc. KEYS rose more than 2% in the extended session Monday after the maker of test and measurement equipment and software reported quarterly earnings above expectations, saying it was set up for a recovery despite a “challenging” macroeconomic environment. Keysight earned $226 million, or $1.28 a share, in the quarter, compared with $299 million, or $1.66 a share, in the fourth quarter of 2022. Adjusted for one-time items, the company earned $1.99 a share. Revenue fell to $1.31 billion, from $1.44 billion last year. FactSet consensus called for adjusted earnings of $1.87 a share on sales…

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