These Analysts Revise Their Forecasts On Keysight Technologies After Q3 Earnings

Financial Performance - Keysight Technologies reported third-quarter earnings of $1.72 per share, exceeding the analyst consensus estimate of $1.67 per share [1] - The company achieved quarterly sales of $1.352 billion, surpassing the analyst consensus estimate of $1.318 billion [1] Future Outlook - For the fourth quarter, Keysight expects revenue to be in the range of $1.370 billion to $1.390 billion [2] - Non-GAAP earnings per share for the fourth quarter are projected to be between $1.79 and $1.85 [2] Management Commentary - Keysight's President and CEO, Satish Dhanasekaran, stated that the company delivered strong results, exceeding the high end of guidance for both revenue and earnings per share [3] - The company is raising its outlook for the full year, citing solid demand and strong customer engagements [3] Stock Performance - Following the earnings announcement, Keysight Technologies shares fell 3.8% to trade at $157.20 [3] Analyst Ratings - B of A Securities analyst David Ridley-Lane maintained a Neutral rating on Keysight and raised the price target from $175 to $179 [9] - Barclays analyst Tim Long maintained an Overweight rating but lowered the price target from $200 to $195 [9]