Keysight (KEYS) Q1 Earnings Beat Estimates Despite Lower Revenues

Keysight Technologies, Inc. (KEYS) reported relatively healthy first-quarter fiscal 2024 results, with the bottom and the top line beating the respective Zacks Consensus Estimate. However, the company reported a top-line decline year over year, owing to constrained spending behavior and inventory adjustments in the commercial communication business and revenue decline in aerospace and defense end markets.Growing investment in AI-driven network and data center applications and healthy traction in automotive, ...