Teledyne Technologies Q2 Adj $4.58 Beats $4.49 Estimate, Sales $1.37B Beat $1.36B Estimate
Portfolio Pulse from Benzinga Newsdesk
Teledyne Technologies (NYSE:TDY) reported Q2 earnings of $4.58 per share, beating the analyst estimate of $4.49. Sales were $1.37 billion, also surpassing the $1.36 billion estimate. However, both earnings and sales showed a decline compared to the same period last year.
July 24, 2024 | 10:58 am
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Teledyne Technologies reported Q2 earnings of $4.58 per share, beating the analyst estimate of $4.49. Sales were $1.37 billion, also surpassing the $1.36 billion estimate. However, both earnings and sales showed a decline compared to the same period last year.
Teledyne Technologies' Q2 earnings and sales both beat analyst estimates, which is a positive indicator for the stock in the short term. However, the year-over-year decline in both earnings and sales may temper investor enthusiasm.
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