Teledyne Technologies: Q2 Earnings Insights

Shares of Teledyne Technologies TDY rose 0.1% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 10.45% year over year to $2.40, which beat the estimate of $1.98.

Revenue of $743,300,000 decreased by 4.95% from the same period last year, which missed the estimate of $743,650,000.

Outlook

FY20 EPS expected between $9.45 and $10.00.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Jul 22, 2020

Time: 11:00 AM

ET Webcast URL: http://www.teledyne.com/news-events

Recent Stock Performance

52-week high: $398.99

Company's 52-week low was at $195.34

Price action over last quarter: Up 4.82%

Company Description

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.