Teledyne Sees Q2 Adj. EPS Of $4.40-$4.50 Vs. $5.00 Est.
Portfolio Pulse from Benzinga Newsdesk
Teledyne Technologies Incorporated has projected its Q2 adjusted earnings per share (EPS) to be in the range of $4.40-$4.50, which is below the estimated $5.00.
April 24, 2024 | 11:00 am
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Teledyne Technologies Incorporated expects its Q2 adjusted EPS to fall short of the estimated $5.00, projecting a range of $4.40-$4.50.
The projected EPS being lower than the estimated value suggests that Teledyne's financial performance for the quarter might not meet market expectations, which could lead to a negative short-term impact on its stock price. Investors often react to earnings misses by adjusting their expectations and potentially selling off shares, leading to a decrease in stock price.
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