Teradyne Q3 Adj EPS $0.80 Beats $0.73 Estimate, Sales $703.73M Beat $684.58M Estimate
Portfolio Pulse from Benzinga Newsdesk
Teradyne (NASDAQ:TER) reported Q3 adjusted earnings of $0.80 per share, beating the analyst consensus estimate of $0.73 by 9.59%. However, this is a 30.43% decrease from the same period last year. The company also reported quarterly sales of $703.73 million, beating the analyst consensus estimate of $684.58 million by 2.80%, but this is a 14.91% decrease from the same period last year.
October 25, 2023 | 9:05 pm
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NEUTRAL IMPACT
Teradyne's Q3 earnings and sales beat estimates but are down year-over-year. This mixed result could lead to uncertain short-term price movements.
Teradyne's Q3 results exceeded analyst estimates, which could positively impact the stock price. However, the year-over-year decrease in earnings and sales could negatively impact the stock price. These conflicting factors make the short-term price direction uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100