Teledyne Technologies Inc Q2 Profit Increases, Beats Estimates

(RTTNews) - Teledyne Technologies Inc (TDY) reported earnings for its second quarter that Increased from last year and beat the Street estimates.

The company's bottom line totaled $209.9 million, or $4.43 per share. This compares with $180.2 million, or $3.77 per share, last year.

Excluding items, Teledyne Technologies Inc reported adjusted earnings of $246.3 million or $5.20 per share for the period.

Analysts on average had expected the company to earn $5.05 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 10.1% to $1.513 billion from $1.374 billion last year.

Teledyne Technologies Inc earnings at a glance (GAAP) :

-Earnings: $209.9 Mln. vs. $180.2 Mln. last year. -EPS: $4.43 vs. $3.77 last year. -Revenue: $1.513 Bln vs. $1.374 Bln last year.

-Guidance: Full year EPS guidance: $21.20 - $21.50