Keysight Technologies (NYSE:KEYS) shares dropped more than 7% after-hours following the company’s reported Q3 results.
EPS came in at $2.19, better than the consensus estimate of $2.04. Revenue was flat compared with last year (up 1% on a core basis) at $1.38 billion, in line with the consensus estimates.
“Despite near-term macro challenges, Keysight’s diversified business, strong customer engagement through our differentiated solutions portfolio, and durable operating model give us confidence in our ability to capitalize on the long-term secular growth trends of our markets, as well as outperform in a variety of market conditions,” said CEO Satish Dhanasekaran.
For Q4/23, the company expects revenue in the range of $1.29-$1.31B. Non-GAAP EPS is expected in the range of $1.83-$1.89.
For the full year, the company sees revenue at $5.45B and EPS at $8.19.