Teradyne Inc. (TER) reported a significant increase in its third-quarter profit, surpassing analysts' expectations. The company's net income rose to $145.65 million, or $0.89 per share, from $128.12 million, or $0.78 per share, compared to the same period last year.
Excluding certain items, the adjusted earnings for Teradyne Inc. reached $147.6 million, or $0.90 per share. This performance exceeded the average projection from analysts, who, according to data from Thomson Reuters, anticipated earnings of $0.78 per share, typically excluding special items.
In terms of revenue, Teradyne saw a rise of 4.8% during the quarter, reaching $737.30 million, up from last year's $703.73 million.
A breakdown of Teradyne Inc.'s earnings in accordance with GAAP shows:
- Earnings for Q3: $145.65 million, compared to $128.12 million last year.
- Earnings per Share (EPS) for Q3: $0.89, up from $0.78 last year.
- Revenue for Q3: $737.30 million, an increase from $703.73 million last year.
### Guidance
For the next quarter, the company projects an EPS range of $0.80 to $0.97 and expects revenue between $710 million and $760 million.
