Published on 18 Nov 2022 on Zacks via Yahoo Finance
Keysight (KEYS) Tops Q4 Earnings Estimates on Record Revenues
Keysight Technologies, Inc. KEYS reported impressive fourth-quarter fiscal 2022 (ended Oct 31, 2022) results, beating both the bottom-line and top-line estimates. The strong performance was backed by record orders and sustained demand across all end markets and regions. Also, the company successfully navigated the supply chain and geopolitical disruptions, which contributed to the solid quarterly results.
Quarter Details
GAAP net income improved to $299 million or $1.66 per share from $282 million or $1.52 per share in the year-ago quarter, driven by top-line growth. Non-GAAP net income in the reported quarter was a record high at $386 million or $2.14 per share compared with $338 million or $1.82 per share in the year-earlier quarter. The bottom line beat the Zacks Consensus Estimate of $1.99.