Teledyne Technologies Expects Q4 Adjusted EPS Of $5.13-$5.23 Vs. $5.33 Estimate; TDY Narrows 2024 Adjusted EPS Guidance To $19.35-$19.45 (Prior $19.25-$19.45) Vs. $19.43 Estimate
Portfolio Pulse from Benzinga Newsdesk
Teledyne Technologies has adjusted its Q4 and 2024 earnings guidance. The company expects Q4 adjusted EPS to be between $5.13 and $5.23, below the $5.33 estimate. For 2024, the adjusted EPS guidance is narrowed to $19.35-$19.45, close to the $19.43 estimate. The GAAP EPS outlook for 2024 is raised to $17.28-$17.42.
October 23, 2024 | 11:03 am
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Teledyne Technologies has revised its Q4 and 2024 earnings guidance. The Q4 adjusted EPS is expected to be lower than analyst estimates, which may negatively impact short-term stock prices. However, the 2024 GAAP EPS outlook is raised, indicating potential long-term strength.
The Q4 adjusted EPS guidance is below analyst expectations, which typically leads to a negative short-term reaction in stock prices. However, the raised 2024 GAAP EPS outlook suggests confidence in long-term performance, which could mitigate some negative sentiment.
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