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To: Return to Sender who wrote (93374)11/19/2024 10:30:10 PM
From: Return to Sender  Respond to of 95333
 
DJ Keysight Technologies Shares Rise After 1Q Guidance Beat Estimates

7:00 PM ET 11/19/24 | Dow Jones

Shares of Keysight Technologies climbed after the test-equipment maker guided for higher-than-expected earnings and revenue for its fiscal first quarter.

The stock was up 8.8% to $165.46 in postmarket trading. Through Tuesday's close, the stock rose 13% over the past 12 months.

The Santa Rosa, Calif. company expects first-quarter adjusted earnings for the three months ending in January of $1.65 to $1.71, and revenue of $1.26 billion to $1.29 billion. Wall Street forecasts quarterly adjusted earnings of $1.57 per share and revenue of $1.24 billion, according to FactSet.

The company's outlook comes as it reports a swing to a loss in its fiscal fourth quarter to reflect a $315 million tax expense related to a new Singapore tax incentive.

Still, its adjusted earnings and revenue came in ahead of analysts expectations, according to FactSet.

Write to Sabela Ojea at sabela.ojea@wsj.com