Teledyne jumps to all-time high after fourth-quarter sales, profit beat

Teledyne Technologies Incorporated

22/01/2025 15:22

** U.S. defense firm Teledyne's  TDY.N  shares rise as much
as 7% to an all-time high of $514.46 in early trading
    ** Company beats Q4 sales and profit estimates aided by
strong demand for its marine equipment and target detection
sensors 
    ** Reports Q4 sales rise of 5.4% to $1.5 bln vs estimates of
$1.45 bln - data compiled by LSEG
    ** Also posts quarterly adjusted EPS of $5.52 vs estimates
of $5.22
    ** However, co sees annual adjusted EPS for 2025 between
$21.10 and $21.50, below estimates of $21.55
    ** TDY rose 4% in 2024

 (Reporting by Neil J Kanatt in Bengaluru)
 ((Neil.JKanatt@thomsonreuters.com;))