Teradyne falls on downbeat revenue forecast for Q1

Whats Cooking NV

31/01/2024 13:51

** Shares of semiconductor-testing equipment maker Teradyne
 TER.O  fall 7.3% to $97 premarket 
    ** Co expects Q1 revenue in the range of $540 mln to $590
mln, compared with estimates of $625.1 mln- LSEG data
    ** Sees adjusted EPS for Q1 in the range of 22 cents to 38
cents, compared with estimates of 53 cents
    ** TER posted net revenue of $670.6 mln for Q4, below
analysts' expectations of $674.7 mln
    ** "Looking into the new year, we expect low tester
utilization will impact demand in the first half of the year"
-Teradyne CEO Greg Smith
    ** TER stock has risen 24% in 2023 

 (Reporting by Harshita Mary Varghese in Bengaluru)
 ((HarshitaMary.Varghese@thomsonreuters.com))