Teledyne: Fourth Quarter Earnings Overview
Teledyne Technologies Surpasses Q4 Earnings Projections
Teledyne Technologies Inc., headquartered in Thousand Oaks, California, announced a net profit of $275.6 million for the fourth quarter.
The company reported earnings of $5.84 per share, with adjusted earnings—excluding special items—reaching $6.30 per share.
These results outperformed analysts’ expectations, as the consensus from five Zacks Investment Research analysts had forecasted earnings of $5.83 per share.
Teledyne, a key player in the defense and aerospace sector, generated $1.61 billion in revenue for the quarter, also exceeding projections. Zacks had anticipated $1.57 billion in revenue, based on estimates from three analysts.
For the full year, Teledyne recorded a total profit of $894.8 million, translating to $18.88 per share, with annual revenue reaching $6.12 billion.
Looking ahead, the company forecasts first-quarter earnings per share to fall between $5.40 and $5.50. For the entire year, Teledyne projects earnings per share in the range of $23.45 to $23.85.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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