Teledyne rises on Q3 profit beat, higher annual forecast

Teledyne Technologies

Yesterday 14:49

** Teledyne Technologies TDY.N shares rise over 2% to $646.40 after Q3 results 
** The target-detection sensor maker raises FY26 adj EPS view to $25.40-$25.50 from $24.45-$24.65 
** Q3 adj EPS of $6.72 beats est $6.17, per LSEG data 
** Q3 rev of $1.68 bln beats est $1.65 bln 
** Digital Imaging sales jump 15% yoy to $903 mln 
** TDY sees Q4 adj EPS of $6.60-$6.70 vs est 6.54 
** Funded backlog nears $5.3 bln; co has bought back $224.6 mln of stock since September 
** 8 of 13 brokerages rate stock "buy" or above, 5 "hold"; median PT: $760 - data compiled by LSEG 
** Including session's moves, stock has risen ~26% YTD

 (Reporting by Miraanta Lowrance in Bengaluru)
 ((miraanta.lowrance@thomsonreuters.com))