Boeing secures $883 million Army contract for cargo support services
SANTA ROSA, Calif. - Keysight Technologies , Inc. (NYSE: NYSE:KEYS) reported better-than-expected first quarter results on Tuesday, but shares slipped 1.7% in after-hours trading.
The electronic measurement company posted adjusted earnings of $1.82 per share for the quarter ended January 31, beating analyst estimates of $1.69. Revenue came in at $1.30 billion, surpassing expectations of $1.28 billion and growing 3% YoY.
"Keysight delivered strong first quarter results, reflecting year-over-year growth in revenues and orders," said Satish Dhanasekaran, Keysight’s President and CEO. "The demand environment remains consistent with our view of a gradual recovery in 2025."
The Communications Solutions Group segment saw revenue increase 5% YoY to $883 million, while the Electronic Industrial Solutions Group revenue dipped 1% to $415 million.
For the second quarter, Keysight expects revenue between $1.27 billion and $1.29 billion, with the midpoint slightly above the $1.276 billion consensus. Adjusted EPS is projected at $1.61 to $1.67, above analyst estimates of $1.59.
Cash flow from operations rose to $378 million from $328 million last year. Free cash flow increased to $346 million compared to $281 million in Q1 2024.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.