Keysight Technologies Inc (KEYS)

[TechWhiz]

Earnings out on August 20th.

Factors Setting the Tone for Keysight's (KEYS) Q3 Earnings
Zacks Equity Research
August 17, 2020, 9:44 AM
Keysight Technologies, Inc. KEYS is slated to report third-quarter fiscal 2020 results on Aug 20.

The Zacks Consensus Estimate for revenues is currently pegged at $918.65 million, which indicates a decline of 15.5% from the prior-year quarter.

We note that the Zacks Consensus Estimate for earnings has been revised upward by a penny to 84 cents per share over the past 30 days, suggesting a decline of 32.8% from the year-ago reported figure.

Due to the coronavirus pandemic led business uncertainty, the company did not provide a specific quantitative guidance for third-quarter fiscal 2020. The company expects fiscal third-quarter revenues, earnings, and operating margin to be in line with or better than the fiscal second quarter.

Markedly, the company reported non-GAAP earnings of 78 cents per share and non-GAAP revenues of $895 million in second-quarter fiscal 2020. Non-GAAP operating margin was 19.4%.

Keysight has been improving production and services operations, and anticipated returning to 100% capacity by the end of the fiscal third quarter amid persistent supply chain challenges.

https://finance.yahoo.com/news/factors-setting-tone-keysights-keys-134401286.html