SANTA ROSA, Calif. (AP) — SANTA ROSA, Calif. (AP) — Keysight Technologies Inc. (KEYS) on Tuesday reported fiscal second-quarter net income of $349 million.
The Santa Rosa, California-based company said it had net income of $2.02 per share. Earnings, adjusted for one-time gains and costs, were $2.87 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.33 per share.
The electronic measurement technology company posted revenue of $1.72 billion in the period.
For the current quarter ending in July, Keysight expects its per-share earnings to range from $2.43 to $2.49.
The company said it expects revenue in the range of $1.73 billion to $1.75 billion for the fiscal third quarter.
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