Keysight Technologies of Santa Rosa reports fourth-quarter loss, shares rise

The Santa Rosa company’s stock closed at $54.35 per share on Tuesday, but rose 6 percent in after-hours trading after it exceeded Wall Street forecasts.|
BILL SWINDELL
THE PRESS DEMOCRAT

Keysight Technologies of Santa Rosa reported a $114 million loss for the fourth quarter Tuesday but still exceeded Wall Street expectations, sending its stock upward.

Keysight, the world’s largest electronics measurement company, said its losses rose to 61 cents per share, up from a loss of ?$38 million, or 20 cents per share, in the fourth quarter of 2017.

The company’s stock closed at $54.35 per share on Tuesday, but rose 6 percent in after-hours trading.

Ron Nersesian, Keysight president and CEO, noted in a statement the company generated a record $1.05 billion in revenue for the quarter and it would “continue to see broad-based momentum across multiple end markets with our solutions.”

Editor’s note: The story has been update to correct revenue for the quarter.

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