SANTA ROSA, Calif. - Keysight Technologies , Inc. (NYSE: NYSE:KEYS) shares surged over 10% in after-hours trading on Tuesday after the electronic measurement company reported fourth quarter earnings that beat expectations and provided strong guidance.
The company reported adjusted earnings per share of $1.65 for the quarter ended October 31, surpassing the analyst consensus estimate of $1.57. Revenue came in at $1.29 billion, topping expectations of $1.26 billion.
For the first quarter of fiscal 2025, Keysight forecast adjusted earnings of $1.65 to $1.71 per share on revenue between $1.265 billion and $1.285 billion. Both ranges were above Wall Street estimates of $1.55 EPS and $1.237 billion in revenue.
"Keysight executed well and delivered fourth quarter revenue and earnings per share above the high end of guidance under market conditions which remained consistent with our expectations," said Satish Dhanasekaran, Keysight's President and CEO.
Revenue in the Communications Solutions Group segment was flat YoY at $894 million, while Electronic Industrial Solutions Group revenue declined 6% to $393 million.
The company generated free cash flow of $328 million in Q4, down from $340 million in the same period last year.
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