WASHINGTON (dpa-AFX) - Teradyne Inc. (TER) announced earnings for second quarter that decreased from the same period last year but beat the Street estimates.
The company's bottom line came in at $197.79 million, or $1.16 per share. This compares with $328.32 million, or $1.76 per share, in last year's second quarter.
Excluding items, Teradyne Inc. reported adjusted earnings of $204.0 million or $1.21 per share for the period.
Analysts on average had expected the company to earn $1.14 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 22.2% to $0.84 billion from $1.08 billion last year.
Teradyne Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $197.79 Mln. vs. $328.32 Mln. last year. -EPS (Q2): $1.16 vs. $1.76 last year. -Analyst Estimates: $1.14 -Revenue (Q2): $0.84 Bln vs. $1.08 Bln last year.
-Guidance: Next quarter EPS guidance: $0.90 - $1.16 Next quarter revenue guidance: $760 - $840 Mln
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