THOUSAND OAKS, Calif. (AP) — THOUSAND OAKS, Calif. (AP) — Teledyne Technologies Inc. (TDY) on Wednesday reported first-quarter earnings of $188.6 million.
On a per-share basis, the Thousand Oaks, California-based company said it had net income of $3.99. Earnings, adjusted for amortization costs and non-recurring costs, were $4.95 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $4.92 per share.
The defense and aerospace industry supplier posted revenue of $1.45 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $1.42 billion.
For the current quarter ending in June, Teledyne expects its per-share earnings to range from $4.95 to $5.05.
The company expects full-year earnings in the range of $21.10 to $21.50 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TDY at https://www.zacks.com/ap/TDY
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