Teledyne Technologies Incorporated (NYSE:TDY) is set to announce third quarter earning results on Wednesday 21st October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, TDY to report 3Q20 income of $ 2.36 per share.
For the full year, analysts anticipate top line of $ 3089.43 million, while looking forward to income of $ 9.71 per share bottom line.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 2.25 ~ $ 2.45 per share
Full Year 2020 bottomline are predicted in a range of $ 9.45 ~ $ 10.00 per share
Click Here For More Historical Outlooks Of Teledyne Technologies Incorporated
Previous Quarter Performance
Teledyne Technologies Incorporated announced income for the second quarter of $ 2.48 per share, from the revenue of $ 743.30 million. The quarterly earnings 11.43 percent while revenues contracted 4.95 percent compared with the same quarter last year.
The consensus estimates are income of $ 1.98 per share from $ 743.65 million in revenue. The bottom line results beat street analysts by $ 0.5 or 25.25 percent, at the same time, top line results fell short of analysts by $ 0.35 million or 0.05 percent.
Stock Performance
Shares of Teledyne Technologies Incorporated traded up $ 5.17 or 1.55 percent on Tuesday, reaching $ 339.47 with volume of 196.90 thousand shares. Teledyne Technologies Incorporated has traded high as $ 341.81 and has cracked $ 335.20 on the downward trend
The closing price of $ 339.47, representing a 71.14 % increase from the 52 week low of $ 195.34 and a 16.21 % decrease over the 52 week high of $ 398.99.
The company has a market capital of $ 12.51 billion and is part of the Technology sector and Scientific & Technical Instruments industry.
Recent Analyst recommendations
- On 7th October 2020, initiated by Goldman Sachs Group at Neutral rating, with $ 331.00 target price.
Conference Call
Teledyne Technologies Incorporated will be hosting a conference call at 11:00 AM eastern time on 21st October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.teledyne.com
Teledyne Technologies Incorporated provides instrumentation, digital imaging, aerospace and defense electronics, and engineered systems in the United States, the United Kingdom, Denmark, Canada, France, and the Netherlands. The companys Instrumentation segment offers monitoring and control instruments for marine, environmental, industrial, and other applications, as well as electronic test and measurement equipment; and power and communications connectivity devices for distributed instrumentation systems and sensor networks deployed in mission critical and harsh environments. Its Digital Imaging segment provides image sensors and digital cameras for use in industrial, scientific, and medical applications; and hardware and software for image processing and automatic data collection in industrial and medical applications, as well as manufacturing services for micro electro-mechanical systems.
