Teledyne Technologies (TDY) Announces Quarterly Earnings, Beats Expectations By $0.20 EPS
Teledyne Technologies (NYSE:TDY) issued its quarterly earnings data on Thursday. The company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.20, AmericanBankingNews.com reports. The company had revenue of $597.10 million for the quarter, compared to the consensus estimate of $606.42 million. During the same quarter in the previous year, the company posted $1.13 earnings per share. The company’s revenue for the quarter was down .6% on a year-over-year basis. Teledyne Technologies updated its Q3 guidance to $1.26-1.30 EPS and its FY14 guidance to $5.31-5.35 EPS.
Shares of Teledyne Technologies (NYSE:TDY) traded up 0.23% during mid-day trading on Thursday, hitting $95.49. 46,679 shares of the company’s stock traded hands. Teledyne Technologies has a 52 week low of $76.96 and a 52 week high of $102.40. The stock’s 50-day moving average is $96.64 and its 200-day moving average is $95.36. The company has a market cap of $3.583 billion and a price-to-earnings ratio of 19.06.
Teledyne Technologies Incorporated (NYSE:TDY) is a provider of electronic subsystems and instrumentation, including aerospace and defense electronics, digital imaging products and software, monitoring instrumentation for marine and environmental applications, harsh environment interconnect products, and subsystems for satellite communications.
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