Teledyne Technologies Inc reports results for the quarter ended in September 30 - Earnings Summary

Reuters
23 Oct 2024

* Teledyne Technologies Inc reported quarterly adjusted earnings of $5.10​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $5.05. The mean expectation of nine analysts for the quarter was for earnings of $4.97 per share. Wall Street expected results to range from $4.93 to $4.99 per share.

* Revenue rose 2.9% to $1.44 billion from a year ago; analysts expected $1.42 billion.

* Teledyne Technologies Inc's reported EPS for the quarter was $5.54​.

* The company reported quarterly net income of $262 million.

* Teledyne Technologies Inc shares had risen by 1.3% this quarter and lost 0.6% so far this year.

FORECAST CHANGES

* The mean earnings estimate of analysts had fallen by about 0.7% in the last three months.​

* In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."

* The average consensus recommendation for the electronic equipment & parts peer group is also "buy"

Wall Street's median 12-month price target for Teledyne Technologies Inc is 478.50 This summary was machine generated from LSEG data October 23 at 01:41 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,

MISSED

Sep. 30 2024 4.97 5.10 Beat

Jun. 30 2024 4.50 4.58 Beat

Mar. 31 2024 4.63 4.55 Missed

Dec. 31 2023 5.04 5.44 Beat

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