WASHINGTON (dpa-AFX) - Teradyne, Inc. (TER) reported first-quarter net income of $32.8 million or $0.15 per share, compared to $0.9 million or breakeven per share, prior year. Adjusted earnings per share was $0.17, for the quarter.
On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $0.12 for the quarter. Analysts' estimates typically exclude special items.
Revenue increased to $342.40 million from $321.0 million last year. Analysts expected revenue of $331.19 million for the quarter.
The company's guidance for the second quarter is revenue of $470 million to $500 million, with non-GAAP net income of $0.42 to $0.48 per share and GAAP net income of $0.37 to $0.43 per share. Analysts expect the company to report second-quarter earnings per share of $0.35 on revenue of $441.31 million.
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