BUZZ-Teledyne jumps to all-time high after fourth-quarter sales, profit beat

Reuters01-22 23:22

** U.S. defense firm Teledyne's TDY.N shares rise as much as 7% to an all-time high of $514.46 in early trading

** Company beats Q4 sales and profit estimates aided by strong demand for its marine equipment and target detection sensors

** Reports Q4 sales rise of 5.4% to $1.5 bln vs estimates of $1.45 bln - data compiled by LSEG

** Also posts quarterly adjusted EPS of $5.52 vs estimates of $5.22

** However, co sees annual adjusted EPS for 2025 between $21.10 and $21.50, below estimates of $21.55

** TDY rose 4% in 2024

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))

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