Teradyne, Inc. (NASDAQ:TER) is reporting third quarter financial results on Tuesday 20th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, TER is expected to report 3Q20 income of $ 1.12 per share from revenue of $ 770.29 million.
For the full year, analysts anticipate top line of $ 2850.28 million, while looking forward to income of $ 3.90 per share bottom line.
Previous Quarter Performance
Teradyne, Inc. revealed income for the second quarter of $ 1.33 per share, from the revenue of $ 838.66 million. The quarterly earnings raised 101.52 percent compared with the same quarter last year. The consensus estimates are income of $ 1.03 per share from $ 754.84 million in revenue. The bottom line results beat street analysts by $ 0.3 or 29.13 percent, at the same time, top line results outshined analysts by $ 83.82 million or 11.10 percent.
Stock Performance
Shares of Teradyne, Inc. traded up $ 0.08 or 0.09 percent on Monday, reaching $ 86.67 with volume of 1.47 million shares. Teradyne, Inc. has traded high as $ 88.80 and has cracked $ 86.05 on the downward trend
According to the previous trading day, closing price of $ 86.67, representing a 101.98 % increase from the 52 week low of $ 42.87 and a 7.33 % decrease over the 52 week high of $ 93.44.
The company has a market capital of $ 14.39 billion and is part of the Technology sector and Semiconductor Equipment & Materials industry.
Recent Analyst recommendations
- On 9th October 2020, upgraded by Stifel Nicolaus to Buy from Hold rating.
Conference Call
Teradyne, Inc. will be hosting a conference call at 8:30 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.teradyne.com
Teradyne, Inc. designs, develops, manufactures, sells, and supports automatic test equipment worldwide. Its Semiconductor Test segment offers semiconductor test products and services for wafer level and device package testing in automotive, industrial, communications, consumer, computer and electronic game, and other applications.
