The headline numbers for Teledyne (TDY) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
TDY's total sales in the third quarter of 2024 beat the Zacks Consensus Estimate by 1.3%. The top line also rose 2.9% from the year-ago level.
Teledyne Technologies (TDY) came out with quarterly earnings of $5.10 per share, beating the Zacks Consensus Estimate of $4.97 per share. This compares to earnings of $5.05 per share a year ago.
U.S. defense firm Teledyne on Wednesday reported a rise in third-quarter profit, driven by strong demand for marine instrumentation and aerospace electronics.
Besides Wall Street's top -and-bottom-line estimates for Teledyne (TDY), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
TDY's third-quarter results are likely to reflect solid overall sales performance amid the negative impact of supply-chain challenges.
TDY makes a strong case for investment in the aerospace sector, given its long-run growth prospects, low debt and strategic acquisitions.
TDY wins a $20.8 million multi-spectral imaging system contract from the Japan Maritime Self-Defense Force.
TDY makes a strong case for investment in the aerospace sector, given its long-run growth prospects, low debt and strategic acquisitions.
Teledyne's (TDY) subsidiary Teledyne Brown Engineering receives a $114-million contract for building target missiles.
Teledyne, founded by Dr. Henry Singleton, has shown steady growth and strong capital allocation strategies over the past decade. Teledyne's growth is driven by autonomous growth and acquisitions, with a focus on digital imaging equipment for various industries. For full-year 2024, adjusted EPS is expected to be between $19.25 and $19.45, which is up about 5% from last year.
Teledyne (TDY) reported earnings 30 days ago. What's next for the stock?