Teradyne Inc TER.OQ reported quarterly adjusted earnings of 57 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 86 cents. The mean expectation of sixteen analysts for the quarter was for earnings of 54 cents per share. Wall Street expected results to range from 48 cents to 61 cents per share.
Revenue fell 10.7% to $651.80 million from a year ago; analysts expected $649.88 million.
Teradyne Inc's reported EPS for the quarter was 49 cents.
The company reported quarterly net income of $78.37 million.
Teradyne Inc shares had risen by 1.4% this quarter and lost 27.6% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 4.5% in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 10 "strong buy" or "buy," 4 "hold" and 4 "sell" or "strong sell." The average consensus recommendation for the semiconductor equipment & testing peer group is "buy."
Wall Street's median 12-month price target for Teradyne Inc is $95.00, about 4.1% above its last closing price of $91.14
This summary was machine generated from LSEG data July 29 at 10:01 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)