Teledyne Technologies Q1 Adj. EPS $4.55 Misses $4.63 Estimate, Sales $1.35B Miss $1.40B Estimate
Portfolio Pulse from Benzinga Newsdesk
Teledyne Technologies (NYSE:TDY) reported Q1 adjusted EPS of $4.55, missing the $4.63 estimate, and sales of $1.35B, below the $1.40B estimate. This represents a slight increase in EPS and a decrease in sales from the same period last year.
April 24, 2024 | 10:56 am
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Teledyne Technologies reported a Q1 adjusted EPS of $4.55, missing estimates, and sales of $1.35B, also below expectations.
Missing both EPS and sales estimates can lead to negative investor sentiment in the short term, potentially causing a decrease in stock price. The slight increase in EPS year-over-year may not be enough to offset the disappointment from missing estimates.
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