Keysight stock rising on Q3 earnings beat, upbeat guidance

Shares of Keysight Technologies (KEYS) are rising after the company posted its fiscal third quarter earnings, revealing it beat expectations on both the top and bottom line and posting $1.22 billion in revenue and non-GAAP net income of $1.57 per share.

Market Domination Anchors Josh Lipton and Julie Hyman break down the latest development for Keysight and what it could mean for the company moving forward.

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This post was written by Nicholas Jacobino

Video Transcript

Shares of key site technologies climbing after beating third quarter earnings expectations.

Look at that move.

Fourth quarter guidance.

Beating the street as well, 13% Right now, I mean broadly, JT investors are trying to make sense of the tech spending backdrop right now as businesses try to kind of navigate the macro.

So the company reports, delivers a Q four for forecast at the midpoint.

Did Beat Consensus.

Also reported Q three results that beat stock is is moving here.

Biggest intra day pop, by the way, since August 2019.

For that name, I mean, to put it in perspective.

First of all, the shares have not done much of anything this year.

And secondly, even though the numbers beat revenue was down year for year, Um, it fell in there, And this is, by the way, they make measurement instruments.

Um, their, um, electronic industrial solutions.

Revenue was down 20% year over year Communication solutions revenue down almost 8%.

So it's not, you know, this is one of those less worse situations.

I think I think the CEO also this I thought this was an interesting comment, uh, in this nugget where he said the funnel of opportunity supports our outlook for second half orders to be above first half orders, followed by a more gradual recovery in 25 and I think investors kind of latched on to that.

That's helpful when you have an optimistic comment.