Teledyne expects short-term hit to new contracts; shares fall

Teledyne Technologies Incorporated

22/10/2025 14:37

Updates

** Shares of target detection sensors maker Teledyne TDY.N fall nearly 4.6% to about $547.7 in premarket

** Co cautions of a possible short-term hit to new contracts from the U.S. government shutdown

** "Given the current U.S. Government shutdown, we are a bit measured on expectations for new awards and shipments in the very near-term," said Executive Chairman Robert Mehrabian

** TDY raises its full-year adj profit per share forecast to between $21.45 and $21.60, from $21.20 to $21.50 earlier

** Co posts Q3 adj profit per share of $5.57, above estimates of $5.48 per share

** Eleven of 13 brokerages rate the stock "buy" or higher and two "hold"; their median PT is $614, according to data compiled by LSEG

** Including session moves, shares up 18.4% YTD

 (Reporting by Megavarshini G. Somasundaram in Bengaluru)

 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com;))