TER•Teradyne forecast fourth-quarter adjusted profit of $1.95 to $2.25 per share, versus analysts’ estimate of $2.06. Third-quarter adjusted profit was $2.29 per share, and revenue was $1.31 billion.
Teradyne shares fell 5.3% to $306 in extended trading after the company forecast fourth-quarter adjusted profit of $1.95 to $2.25 per share; analysts’ estimate was $2.06 per share. Third-quarter adjusted profit came in at $2.29 per share, compared with estimates of $2.08, while revenue was $1.31 billion versus expectations of $1.26 billion.
The median price target among 18 brokerages covering Teradyne was $420. As of Monday’s close, the stock was up about 49% year to date.
