Teledyne Technologies Reports Second Quarter Results
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Teledyne Technologies (TDY) Tops Q2 EPS by 39c, Revenues Beat; Raises FY19 EPS Guidance Above Consensus, Affirms Q3 EPS Outlook Above Consensus
July 24, 2019 6:58 AM EDTTeledyne Technologies (NYSE: TDY) reported Q2 EPS of $2.80, $0.39 better than the analyst estimate of $2.41. Revenue for the quarter came in at $782 million versus the consensus estimate of $775.37 million.
Record quarterly sales of $782.0 million, an increase of 6.8% compared to last yearRecord quarterly GAAP earnings per diluted share of $2.80, an increase of 20.7% compared to last yearRecord operating marginRaising full year 2019 GAAP earnings outlook to $9.86 to $9.96 per diluted share, an increase from the prior outlook of $9.45 to... More