Keysight Profit Falls; Q3 Outlook Weak

(RTTNews) - Keysight Technologies Inc (KEYS), a provider of electronic measurement solutions, on Tuesday reported second-quarter net earnings of $96 million or $0.56 per share compared with $110 million or $0.66 per share last year.

Excluding items, adjusted earnings for the quarter were $0.70 per share compared with $0.80 per share a year ago.

Revenues for the quarter were $740 million compared with $743 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.65 per share on revenues of $740.5 million for the quarter. Analysts' estimates typically exclude special items.

For the third quarter, the company expects adjusted earnings of $0.37 to $0.51 per share on revenues of $635 million to $675 million. Analysts expect earnings of $0.68 per share on revenues of $748 million.