Teledyne Technologies Q4 Adj. EPS $5.44 Beats $5.04 Estimate, Sales $1.43B Miss $1.47B Estimate
Portfolio Pulse from Benzinga Newsdesk
Teledyne Technologies (NYSE:TDY) reported Q4 adjusted EPS of $5.44, surpassing the consensus estimate of $5.04 by 7.94%, and marking a 10.12% increase from last year's $4.94. However, sales of $1.43B fell short of the $1.47B estimate by 3.06%, though they were slightly up by 0.48% from the previous year.
January 24, 2024 | 11:56 am
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Teledyne Technologies reported higher-than-expected Q4 EPS at $5.44, but missed revenue estimates with $1.43B, indicating mixed financial performance.
The EPS beat may have a positive impact on investor sentiment, suggesting operational efficiency and profitability. However, the revenue miss could raise concerns about growth and market expectations, potentially leading to a neutral short-term impact on the stock price.
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IMPORTANCE 75
RELEVANCE 100