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TER — Teradyne News Story

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Teradyne jumps after forecasting quarterly revenue above estimates

** Shares of semiconductor-testing equipment maker Teradyne TER.O jump 19.2% to $172.03 after the bell

** TER sees Q4 revenue in the range of $920 million to $1 billion, ahead of analysts' estimates of $814.3 million, according to data compiled by LSEG

** "As we look ahead to Q4, AI-related test demand remains robust across compute, networking and memory segments" — CEO Greg Smith

** Expects adj. EPS of $1.20 to $1.46 for Q4, also ahead of estimates of $1.02 per share

** TER posts Q3 revenue of $769.2 million, beating estimates of $743.8 million

** Reports adj. EPS of 85 cents, above estimates of 79 cents

** Separately, TER appoints Michelle Turner as CFO effective November 3, replacing Sanjay Mehta

** Stock had risen 14.7% YTD, as of last close

 (Reporting by Juby Babu in Mexico City)

 ((Juby.Babu@thomsonreuters.com))

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