TER - Why Is Automation Company Teradyne Stock Trading Lower Premarket Wednesday? | Benzinga
Teradyne Inc (NASDAQ:TER) shares are trading lower after the company reported fourth-quarter FY23 results.
Revenue fell 8% to $670.60 million, missing the consensus of $674.7 million. The company reported robotics revenue of $129 million, up 17% Y/Y.
Adjusted gross profit declined to $379.5 million from $420.4 million a year ago. Adjusted income from operations came in at $135.0 million, down from $168.9 million the prior year quarter.
As of December 31, cash ...