Teledyne Technologies ( NYSE: TDY ) rose on Wednesday after the electronics supplier reported Q4 results that beat consensus estimate of analysts. Shares advanced as much as 3.6% to a daily high of $425.
The company reported Q4 net income of $226.4 million, or $4.74 a share, compared with $161.8 million, or $3.39 a share a year earlier. Analysts expected EPS of $3.75 a share.
Earnings adjusted for one-time gains and costs were $4.94 a share. Revenue rose 3.1% from a year earlier to $1.42 billion in the quarter.
For the year, Teledyne’s ( TDY ) profit was $788.6 million, or $16.53 per share, on revenue of $5.46 billion.
Teledyne ( TDY ) said it expects EPS for the current quarter of $4.37 to $4.47, and for the full year of $19 to $19.20.
For further details see:
Teledyne rises after quarterly earnings beat estimates