Keysight Technologies Inc. Announces 12% Drop In Q2 Bottom Line

(RTTNews) - Keysight Technologies Inc. (KEYS) reported a profit for second quarter that fell compared to the same period last year.

The company said its profit totaled $106 million, or $0.61 per share. This was down from $120 million, or $0.70 per share, in last year's second quarter.

Analysts had expected the company to earn $0.56 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 1.2% to $731 million. This was down from $740 million last year.

Keysight Technologies Inc. earnings at a glance:

-Earnings (Q2): $106 Mln. vs. $120 Mln. last year. -Earnings Decline (Y-o-Y): -11.7% -EPS (Q2): $0.61 vs. $0.70 last year. -EPS Decline (Y-o-Y): -12.9% -Analysts Estimate: $0.56 -Revenue (Q2): $731 Mln vs. $740 Mln last year. -Revenue Change (Y-o-Y): -1.2%

-Guidance: Next quarter EPS guidance: $0.50 - $0.64 Next quarter revenue guidance: $697 - $737 Mln