Teledyne Technologies Q1 Outlook: GAAP EPS $3.73 - $3.86, Non-GAAP EPS $4.55 - $4.65 Vs. $3.95 Estimate
Portfolio Pulse from Benzinga Newsdesk
Teledyne Technologies provided its Q1 2024 earnings outlook, projecting GAAP EPS of $3.73 to $3.86 and non-GAAP EPS of $4.55 to $4.65, surpassing the $3.95 estimate. Full year 2024 GAAP EPS is expected to be $17.15 to $17.53, and non-GAAP EPS is forecasted to be $20.35 to $20.68. The non-GAAP figures exclude amortization of acquired intangible assets, FLIR integration costs, and acquisition-related tax matters. The anticipated tax rate for 2024 is 22.5%, excluding discrete items.
January 24, 2024 | 12:01 pm
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Teledyne Technologies expects Q1 2024 GAAP EPS of $3.73-$3.86 and non-GAAP EPS of $4.55-$4.65, exceeding the $3.95 estimate. Full year GAAP EPS is projected at $17.15-$17.53, with non-GAAP EPS at $20.35-$20.68.
Teledyne's projected earnings for Q1 2024 are higher than analyst estimates, which is likely to be viewed positively by investors and could lead to a short-term increase in stock price. The full year outlook also suggests confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100