WASHINGTON (dpa-AFX) - Teradyne Inc. (TER) released a profit for its first quarter that rose from the same period last year.
The company's bottom line came in at $176.19 million, or $0.97 per share. This compares with $109.14 million, or $0.62 per share, in last year's first quarter.
Excluding items, Teradyne Inc. reported adjusted earnings of $172.5 million or $1.00 per share for the period.
Analysts had expected the company to earn $0.88 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 42.6% to $704.36 million from $494.10 million last year.
Teradyne Inc. earnings at a glance:
-Earnings (Q1): $172.5 Mln. vs. $94.6 Mln. last year. -EPS (Q1): $1.00 vs. $0.54 last year. -Analysts Estimate: $0.88 -Revenue (Q1): $704.36 Mln vs. $494.10 Mln last year.
-Guidance: Next quarter EPS guidance: $0.86 - $1.16 Next quarter revenue guidance: $690 - $800 Mln
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