Teledyne Technologies Incorporated (TDY) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $1.32 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $1.24. The company posted revenue of $534.90 million in the period, compared to analysts expectations of $546.57 million. The company’s revenue was down -6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.34 EPS.
Many Wall Street Analysts have commented on Teledyne Technologies Incorporated. Teledyne Technologies Incorporated was Downgraded by CL King to ” Neutral” on Jul 6, 2016.
Teledyne Technologies Incorporated closed down -1.42 points or -1.35% at $103.92 with 86,214 shares getting traded on Tusday. Post opening the session at $105.4, the shares hit an intraday low of $103.59 and an intraday high of $105.4 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on May 16, 2016, Schack Wesley W Von (director) sold 4,000 shares at $94.00 per share price. According to the SEC, on Mar 8, 2016, Michael T Smith (director) sold 5,323 shares at $90.00 per share price. On Nov 23, 2015, Paul David Miller (director) sold 4,000 shares at $91.93 per share price, according to the Form-4 filing with the securities and exchange commission.
Teledyne Technologies Incorporated provides enabling technologies for industrial markets. The Company caters to markets which include deepwater oil and gas exploration and production oceanographic research air and water quality environmental monitoring electronics design and development factory automation and medical imaging. Its products include monitoring and control instrumentation for marine and environmental applications harsh environment interconnects electronic test and measurement equipment digital imaging sensors and cameras aircraft information management systems and defense electronic and satellite communication subsystems. It also supplies engineered systems for defense space environmental and energy applications. The Company operates under the following segments: Instrumentation Digital Imaging Aerospace and Defense Electronics and Engineered Systems.