Teledyne Posts Q3 EPS of $5.82
TDY sits 31% above its 52-week low of $483.02 on elevated volume (2.5× avg).
Summary
Teledyne reported third-quarter EPS of $5.82 on sales of $1.68B, up 9.4%, with net income of $272.8M and adjusted EPS of $6.72. That follows a record Q2 in which revenue rose 9.8% and EPS climbed 21%, with full-year EPS guidance lifted to $20.73–$20.99. The company is also absorbing the announced $18.90-per-share cash acquisition of Varex Imaging, so any commentary on deal costs or segment margins in the full release will carry weight. The full earnings release and call details will fill in segment performance and whether the raised full-year outlook holds.
At the time of this announcement, TDY was trading at $632.00 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $29.3B. The 52-week trading range was $483.02 to $697.67. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.