Keysight (KEYS) Q2 Earnings Beat Estimate Despite Lower Revenues

Revenues Quarterly net sales were $1.22 billion compared with $1.39 billion recorded in the year-ago quarter. Total orders declined 8% year over year to $1.21 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 ...