Keysight Technologies  (KEYS - Get Report) is expected to report net income of $194.9 million, or $1.02 a share, on sales of $1 billion after the market closes on Wednesday, based on a FactSet survey of 9 analysts.

In the same period a year ago, the company posted earnings of 89 cents a share on sales of $1 billion. It reported net income of $64 million.

The company offered guidance of $0.97 - $1.05 a share on May. 30.

The stock has risen 22.3% since the company last reported earnings on May. 29.

Quarterly estimates have risen less than 1 cent a share in the past month.

Keysight Technologies is currently trading at a price-to-forward-earnings ratio of 19.3 based on the 12-month estimates of 9 analysts surveyed by FactSet.

In the upcoming quarter analysts are forecasting net income of $200.9 million, or $1.06 a share, on sales of $1.1 billion.

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