Teradyne falls on revenue forecast let down

Teradyne

25/07/2024 10:25

** Teradyne shares  TER.O  drop 6.7% to $133.99 premarket
    ** Semiconductor-testing equipment forecasts Q3 revenue
below Wall Street estimates on sluggish demand
    ** The company, which counts Qualcomm  QCOM.O  and Texas
Instruments  TXN.O  among its customers, forecast adj. EPS for
Q3 in the range of 66 cents - 86 cents, compared with estimates
of 86 cents
    ** Q2 revenue and profit top estimates
    ** Stock up 32% YTD compared with 22% rise in the
Philadelphia chip index  .SOX 

 (Reporting by Medha Singh)
 ((medha.singh@thomsonreuters.com))