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Keysight (KEYS) Q2 Earnings Beat Estimate Despite Lower Revenues
KEYSKeysight Technologies(KEYS) zacks.com·2024-05-21 15:15

Revenues Quarterly net sales were 1.22billioncomparedwith1.22 billion compared with 1.39 billion recorded in the year-ago quarter. Total orders declined 8% year over year to 1.21billion.Weakdemandinmultipleendmarketshinderedrevenuegrowth.However,thetoplinebeattheZacksConsensusEstimateby1.21 billion. Weak demand in multiple end markets hindered revenue growth. However, the top line beat the Zacks Consensus Estimate by 17 million. Communication Solutions Group (CSG) generated $840 million in revenues, down 10% year over year. The company witnessed net sales decline year over year in the Aerospace, Defense & Government end markets. However ...