04:39 AM EDT, 08/21/2024 (MT Newswires) -- (Updates with the latest stock move in the headline and the first paragraph.)

Keysight Technologies ( KEYS ) shares extended gains in premarket activity Wednesday, up over 11% recently, after the company overnight reported a slower-than-expected drop in fiscal Q3 earnings and sales.

The company reported fiscal Q3 non-GAAP earnings late Tuesday of $1.57 per diluted share, down from $2.19 a year earlier.

Analysts polled by Capital IQ expected $1.35.

Revenue in the quarter ended July 31 fell to $1.22 billion from $1.38 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.19 billion.

The company expects fiscal Q4 non-GAAP EPS of $1.53 to $1.59 on revenue of $1.25 billion to $1.27 billion.

Analysts polled by Capital IQ expect EPS of $1.54 on revenue of $1.25 billion.

Price: 154.50, Change: +15.93, Percent Change: +11.50