Teradyne Inc. Q3 Profit Increases, Beats Estimates

(RTTNews) - Teradyne Inc. (TER) announced a profit for its third quarter that increased from last year and beat the Street estimates.

The company's bottom line came in at $145.65 million, or $0.89 per share. This compares with $128.12 million, or $0.78 per share, in last year's third quarter.

Excluding items, Teradyne Inc. reported adjusted earnings of $147.6 million or $0.90 per share for the period.

Analysts on average had expected the company to earn $0.78 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.8% to $737.30 million from $703.73 million last year.

Teradyne Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $145.65 Mln. vs. $128.12 Mln. last year. -EPS (Q3): $0.89 vs. $0.78 last year. -Revenue (Q3): $737.30 Mln vs. $703.73 Mln last year.

-Guidance: Next quarter EPS guidance: $0.80 - $0.97 Next quarter revenue guidance: $710 - $760 Mln