Teradyne (TER) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $0.31 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.27. The company posted revenue of $431.00 million in the period, compared to analysts expectations of $425.74 million. The company’s revenue was up 26.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 EPS.
Many Wall Street Analysts have commented on Teradyne. Teradyne was Downgraded by Goldman to ” Neutral” on Feb 3, 2016.
Teradyne opened for trading at $20.55 and hit $20.955 on the upside on Friday, eventually ending the session at $20.69, with a gain of 0.68% or 0.14 points. The heightened volatility saw the trading volume jump to 16,12,135 shares. Company has a market cap of $4,228 M.
In a different news, on Mar 21, 2016, Michael A Bradley (director) sold 34,000 shares at $20.85 per share price. According to the SEC, on Feb 2, 2016, Charles Jeffrey Gray (VP,General Counsel & Secretary) sold 17,000 shares at $19.21 per share price. On May 22, 2015, Daniel W Christman (director) sold 4,221 shares at $20.65 per share price, according to the Form-4 filing with the securities and exchange commission.
Teradyne Inc. (Teradyne) is a supplier of automatic test equipment. The Company operates in three segments: Semiconductor Test Wireless Test and System Test. The Company’s automatic test equipment products and services include semiconductor test (Semiconductor Test) systems wireless test (Wireless Test) systems and defense/aerospace (Defense/Aerospace) test instrumentation and systems storage test (Storage Test) systems and circuit-board test and inspection (Production Board Test) systems (collectively System Test). The Company has a customer base which includes integrated device manufacturers outsourced semiconductor assembly and test providers wafer foundries fabless companies that design but contract with others for the manufacture of integrated circuits developers of wireless devices and consumer electronics manufacturers of circuit boards automotive suppliers wireless product manufacturers storage device manufacturers aerospace and military contractors.