Teledyne Q2 Earnings Beat Estimates, Eyes Acquisitions For Disciplined Capital Deployment
Portfolio Pulse from Nabaparna Bhattacharya
Teledyne Technologies Incorporated (NYSE:TDY) reported Q2 FY23 sales growth of 5.1% YoY to $1.425 billion, beating the consensus of $1.410 billion. Adjusted EPS was $4.67, above the consensus of $4.64. The company is looking for disciplined capital deployment including acquisitions. However, TDY shares are trading lower by 4.09% at $397.75.
July 26, 2023 | 3:24 pm
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Teledyne Technologies reported better than expected Q2 FY23 results and is planning for disciplined capital deployment including acquisitions. Despite the positive earnings, the stock is trading lower.
Teledyne Technologies reported better than expected Q2 FY23 results, which would generally lead to a positive impact on the stock. However, the stock is trading lower, possibly due to other market factors or investor sentiment. The company's plan for disciplined capital deployment including acquisitions could potentially lead to future growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100