Teradyne Inc. (TER) has reported a decrease in profit for the fourth quarter compared to the previous year. However, the company still surpassed Wall Street predictions.
The total earnings of Teradyne Inc. for the period amounted to $117.1 million, equivalent to $0.72 per share, showing a contrast to the $172.3 million, or $1.04 per share in the previous year's fourth quarter.
When excluding specific items, the reported adjusted earnings value of the company was $0.79 per share for the period. On average, analysts had foreseen the company’s earnings to be $0.71 per share, according to data collected by Thomson Reuters. Normally, analyst estimates do not take into account special items.
There was a decrease in the company’s quarter revenue by 4.7%, going from $703.7 million the previous year to $670.6 million.
Upon a closer inspection of Teradyne Inc.'s earnings (GAAP):
- The earnings in the 4th Quarter were $117.1 million, as contrasted to the $172.3 million acquired last year.
- The earnings per share (EPS) in the 4th Quarter were $0.72, as compared to $1.04 from last year.
- The analyst estimates stood at $0.71.
- The revenue in the 4th Quarter was $670.6 million, down from $703.7 million last year.
In terms of future guidance, the next quarter EPS is projected to be within the range of $0.22 to $0.38, with revenue guidance for the next quarter set between $540 and $590 million.
