Teledyne lifts earnings outlook after Q1 beats estimates
(Il Sole 24 Ore Radiocor) - Milano, 22 apr - Teledyne Technologies said it was raising its full-year earnings outlook after profits in the first quarter beat estimates.
The California-based digital imaging products maker said its net income in the first quarter was 226.8 million dollars, or 4.85 dollars per share, compared to 188.6 million, or 3.99, in the same period last year.
On an adjusted basis, earnings in the period rose 17.2% to 5.80 dollars per share. Analysts expected 5.48 dollars per share.
Revenue in the three months ended March 29 rose 7.6% to 1.56 billion dollars. Analysts expected 1.52 billion dollars.
The California-based digital imaging products maker said it now expected full-year EPS to be 20.08-20.44 dollars per share compared with a prior outlook of 19.76-20.22.
On an adjusted basis, EPS is seen at 23.85-24.15 dollars per.
share, up from a previous range of 23.45-23.85.
(RADIOCOR) 22-04-26 14:52:23 (0502) 5 NNNN