(Reuters) -Electronic equipment maker Keysight Technologies beat Wall Street estimates for third-quarter revenue and profit on Tuesday, highlighting robust product demand across its communications, automotive and semiconductor end-markets.
The Santa Rosa, California-based company, which was separated from Agilent Technologies in 2014, provides electronic design, test and simulation software, instrumentation and related services. Agilent was previously a part of Hewlett-Packard.
Keysight’s products include oscilloscopes, protocol analyzers, digital multimeters, among other offerings.
“(We) continue to see solid demand and strong customer engagements,” CEO Satish Dhanasekaran said.
Keysight expects its revenue to grow by 7% and its adjusted earnings per share to rise 13% for fiscal year 2025.
It also expects fourth-quarter revenue between $1.37 billion and $1.39 billion, with adjusted earnings per share expected in the range of $1.79 to $1.85.
Analysts, on average, anticipate fourth-quarter revenue of $1.37 billion and adjusted earnings of $1.81 per share, according to data compiled by LSEG.
The company reported quarterly revenue of $1.35 billion, above analysts’ estimates of $1.32 billion for the quarter ended July 31.
Keysight reported quarterly adjusted earnings of $1.72 per share, beating analysts’ estimates of $1.67 per share.
(Reporting by Abhinav Parmar in Bengaluru; Editing by Mohammed Safi Shamsi)
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