24.04.2024 12:59:55 - dpa-AFX: Teledyne Technologies Inc Q1 Profit Decreases, misses estimates
WASHINGTON (dpa-AFX) - Teledyne Technologies Inc (TDY) announced a profit
for first quarter that decreased from the same period last year and missed the
Street estimates.
The company's earnings came in at $178.5 million, or $3.72 per share. This
compares with $178.7 million, or $3.73 per share, in last year's first quarter.
Excluding items, Teledyne Technologies Inc reported adjusted earnings of $218.3
million or $4.55 per share for the period.
Analysts on average had expected the company to earn $4.63 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter fell 2.2% to $1.35 billion from $1.38
billion last year.
Teledyne Technologies Inc earnings at a glance (GAAP) :
-Earnings (Q1): $178.5 Mln. vs. $178.7 Mln. last year.
-EPS (Q1): $3.72 vs. $3.73 last year.
-Revenue (Q1): $1.35 Bln vs. $1.38 Bln last year.
-Guidance:
Next quarter EPS guidance: $4.40 to $4.50
Full year EPS guidance: $19.25 to $19.45
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