Market Overview

Recap: Teledyne Technologies Q3 Earnings

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Shares of Teledyne Technologies (NYSE:TDY) rose 0.2% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 3.50% year over year to $2.48, which beat the estimate of $2.36.

Revenue of $749,000,000 decreased by 6.63% from the same period last year, which missed the estimate of $751,040,000.

Guidance

The upcoming fiscal year's EPS expected to be between $9.70 and $10.00.

How To Listen To The Conference Call

Date: Oct 21, 2020

Time: 11:00 AM

ET Webcast URL: http://www.teledyne.com/news-events/news-details?ID=389

Price Action

Company's 52-week high was at $398.99

Company's 52-week low was at $195.34

Price action over last quarter: Up 5.49%

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.

 

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Posted-In: Earnings News