27.07.2023 00:07:01 - dpa-AFX: Teradyne Inc. Q2 Profit Decreases, but beats estimates
WASHINGTON (dpa-AFX) - Teradyne Inc. (TER) released a profit for second
quarter that decreased from the same period last year but beat the Street
estimates.
The company's earnings totaled $120.05 million, or $0.73 per share. This
compares with $197.79 million, or $1.16 per share, in last year's second
quarter.
Excluding items, Teradyne Inc. reported adjusted earnings of $129.0 million or
$0.79 per share for the period.
Analysts on average had expected the company to earn $0.66 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter fell 18.6% to $684.44 million from $840.77
million last year.
Teradyne Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $120.05 Mln. vs. $197.79 Mln. last year.
-EPS (Q2): $0.73 vs. $1.16 last year.
-Analyst Estimates: $0.66
-Revenue (Q2): $684.44 Mln vs. $840.77 Mln last year.
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