11:19 AM EDT, 08/21/2024 (MT Newswires) -- (Updates with the latest stock movement in the headline and the first paragraph.)

Keysight Technologies ( KEYS ) shares rose by more than 12% in recent Wednesday trading following the company's report of better-than-expected fiscal Q3 non-GAAP earnings and revenue.

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: 155.14, Change: +16.57, Percent Change: +11.96