Recap: Teledyne Technologies Q2 Earnings

Recap: Teledyne Technologies Q2 Earnings

 

Teledyne Technologies TDY reported its Q2 earnings results on Wednesday, July 27, 2022 at 06:55 AM.

Here's what investors need to know about the announcement.

Earnings

Teledyne Technologies beat estimated earnings by 1.14%, reporting an EPS of $4.43 versus an estimate of $4.38.

Revenue was up $234.80 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.3 which was followed by a 0.38% increase in the share price the next day.

Here's a look at Teledyne Technologies's past performance:

 

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 3.97 4.22 3.69 2.76
EPS Actual 4.27 4.56 4.34 4.61
Revenue Estimate 1.33B 1.36B 1.29B 1.03B
Revenue Actual 1.32B 1.38B 1.31B 1.12B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Teledyne Technologies management provided guidance for FY 2022, expecting earnings between $17.45 and $17.7 per share.

To track all earnings releases for Teledyne Technologies visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-RecapsEarningsNews