Teradyne Reports Strong Q4 Earnings, Exceeding Expectations
Teradyne Inc. (TER) announced its fourth-quarter financial results on Wednesday, showing a net income of $146.3 million. On a per-share basis, the North Reading, Massachusetts-based company reported earnings of 90 cents, surpassing analysts' estimates of 90 cents per share.
Adjusting for non-recurring costs, earnings came in at 95 cents per share. Revenue reached $752.9 million in the period, also exceeding market forecasts of $740.7 million.
For the full year, Teradyne posted a profit of $542.4 million or $3.32 per share, with revenue reaching $2.82 billion.
Looking ahead to the current quarter ending in March, Teradyne expects per-share earnings between 58 and 68 cents and revenue ranging from $660 million to $700 million.