Keysight Technologies Posts Lower Q1 Profit

(RTTNews) - Keysight Technologies, Inc. (KEYS) reported net income for the first quarter of $70 million or $0.41 per share, compared to $74 million or $0.44 per share for the year-ago quarter.

Excluding items, adjusted net income for the lest quarter was $96 million or 0.56 per share.

First quarter revenues rose 4% to $701 million from $671 million a year earlier.

Analysts polled by Thomson Reuters expected the company to earn $0.49 per share on revenue of $695.49 million for the first quarter. Analysts' estimates typically exclude special items.

Looking forward to the second quarter, the company forecasts revenues of $720 million to $760 million and adjusted earnings of $0.56 to $0.70 per share. Analysts currently expect the company to earn $0.66 per share on revenue of $744.19 million for the second quarter.