Teradyne, a semiconductor-testing equipment maker, saw its stock plummet 5.73% in the pre-market trading session, following the company's downbeat revenue and earnings guidance for the first quarter due to softening demand.
The company forecasted first-quarter revenue between $660 million and $700 million, significantly lower than analysts' average estimate of $694 million. Teradyne also projected adjusted earnings per share in the range of 58 cents to 68 cents, missing the consensus estimate of 63 cents.
The disappointing guidance comes despite Teradyne reporting better-than-expected fourth-quarter results, indicating a potential slowdown in demand for its products. Investors reacted negatively to the company's cautious outlook, leading to the sharp pre-market decline in its stock price.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.