Teledyne Technologies Inc reports results for the quarter ended December 31 - Earnings Summary

• Teledyne Technologies Inc TDY.N reported quarterly adjusted earnings of $5.52​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $5.44. The mean expectation of ten analysts for the quarter was for earnings of $5.22 per share. Wall Street expected results to range from $5.15 to $5.25 per share.

• Revenue rose 5.4% to $1.50 billion from a year ago; analysts expected $1.45 billion.

• Teledyne Technologies Inc's reported EPS for the quarter was $4.20​.

• The company reported quarterly net income of $198.5 million.

• Teledyne Technologies Inc shares had risen by 3.5% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.3% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the electronic equipment & parts peer group is also "buy"

Wall Street's median 12-month price target for Teledyne Technologies Inc is $537.00

This summary was machine generated from LSEG data January 22 at 02:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)