Teledyne Technologies Expects Q3 Adjusted EPS Of $4.90-$5.00 Vs. $5 Estimate; Company Sees FY24 Adjusted EPS $19.25 To $19.45 Vs. $19.38 Estimate
Portfolio Pulse from Benzinga Newsdesk
Teledyne Technologies has provided guidance for Q3 and FY24 adjusted EPS, which are slightly below market estimates. The company expects Q3 adjusted EPS to be between $4.90 and $5.00, compared to the $5.00 estimate. For FY24, the company projects adjusted EPS in the range of $19.25 to $19.45, versus the $19.38 estimate.
July 24, 2024 | 11:09 am
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Teledyne Technologies' guidance for Q3 and FY24 adjusted EPS is slightly below market estimates. The company expects Q3 adjusted EPS to be between $4.90 and $5.00, compared to the $5.00 estimate. For FY24, the company projects adjusted EPS in the range of $19.25 to $19.45, versus the $19.38 estimate.
Teledyne Technologies' guidance for both Q3 and FY24 adjusted EPS is slightly below market expectations. This could lead to a short-term negative impact on the stock price as investors may react to the lower-than-expected earnings projections.
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