Shares of Teledyne Technologies (NYSE:TDY) rose 3% after the company reported Q1 results.
Earnings per share were up 20.60% year over year to $2.40, which beat the estimate of $2.19.
Revenue of $784,600,000 up by 5.29% from the same period last year, which missed the estimate of $790,170,000.
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
How To Listen To The Conference Call
Date: Apr 22, 2020
Time: 06:01 AM ET
Webcast URL: https://edge.media-server.com/mmc/p/2jiud4wy
Company's 52-week high was at $398.99
52-week low: $195.34
Price action over last quarter: down 17.20%
Teledyne Technologies Inc sells technologies for industrial markets. Roughly a fourth of Teledyne's revenue comes from contracts with the United States government. The firm operates in four segments: instrumentation, digital imaging, aerospace and defense electronics, and engineered systems. The instrumentation segment contributes the largest proportion of revenue and provides monitoring instruments primarily for marine and environmental applications. The digital imaging segment includes image sensors and cameras for industrial, government, and medical customers. The aerospace and defense electronics segment provides electronic components and communication products for aircraft. The engineered systems segment provides solutions for defense, space, environmental, and energy applications.
See more from Benzinga
© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.