US49338L1035 - Common Stock
Join us in exploring the top gainers and losers within the S&P500 index one hour before the close of the markets on Wednesday as we examine the latest happenings in today's session.
Shares of electronic measurement provider Keysight (NYSE:KEYS) jumped 11.7% in the morning session after the company reported strong third-quarter results, exceeding Wall Street's sales and earnings forecasts. Orders were strong, up sequentially, and ahead of analysts' expectations, driven by robust AI-related demand and strong year-end bookings in U.S. Aerospace, Defense, and Government businesses. However, there was a slight shortfall in backlogs compared to expectations, though it did not offset the positive momentum. Management noted that the demand environment might remain mixed, at least in the short term. Encouragingly, the company was able to provide solid guidance for the next quarter, with sales and EPS forecasts ahead of consensus estimates. Zooming out, we think this was a very solid quarter, highlighting the company's strong execution and resilience.
Let's delve into the developments on the US markets in the middle of the day on Wednesday. Below, you'll find the top gainers and losers within the S&P500 index during today's session.
Let's have a look at what is happening on the US markets after the closing bell on Tuesday. Below you can find the top gainers and losers in today's after hours session.
Electronic measurement provider Keysight (NYSE:KEYS) reported Q3 CY2024 results beating Wall Street’s revenue expectations, but sales fell by 1.8% year on year to $1.29 billion. On top of that, next quarter’s revenue guidance ($1.63 billion at the midpoint) was surprisingly good and 32% above what analysts were expecting. Its non-GAAP profit of $1.65 per share was 5% above analysts’ consensus estimates.
Electronic measurement provider Keysight (NYSE:KEYS) will be reporting earnings tomorrow after market hours. Here’s what you need to know.