Teledyne Technologies Reports First Quarter Results

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Go back to Teledyne Technologies Reports First Quarter Results

Teledyne Technologies (TDY) Misses Q1 EPS by 2c, Revenues Miss; Lowers FY20 EPS Guidance Below Consensus

April 22, 2020 6:57 AM EDT

Teledyne Technologies (NYSE: TDY) reported Q1 EPS of $2.17, $0.02 worse than the analyst estimate of $2.19. Revenue for the quarter came in at $784.6 million versus the consensus estimate of $790.17 million.

Record first quarter sales of $784.6 million, an increase of 5.3% compared to last yearRecord first quarter GAAP diluted earnings per share of $2.17, an increase of 7.4% compared to last yearRecord first quarter GAAP operating marginAdjusting full year 2020 GAAP diluted earnings per share outlook to $9.30 to $10.00, a decrease from the prior outlook of $11.20 to $11.30Acquired OakGate Technology,... More