Teradyne, Inc. TER reported better-than-expected second-quarter results but issued soft third-quarter guidance after the closing bell on Wednesday.
While the top- and bottom-line numbers for Teradyne (TER) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Teradyne's (TER) second-quarter 2024 results benefit from strong momentum in the memory test end-market and demand recovery in SoC.
Teradyne (TER) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.79 per share a year ago.
Teradyne forecast third-quarter revenue below Wall Street estimates on Wednesday, signaling sluggish demand for its semiconductor-testing equipment and sending its shares down more than 7% in extended trading.
In the most recent trading session, Teradyne (TER) closed at $149.52, indicating a -1.86% shift from the previous trading day.
Teradyne (TER) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Teradyne (TER) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
In the closing of the recent trading day, Teradyne (TER) stood at $153.48, denoting a -0.45% change from the preceding trading day.
Here is how Teradyne (TER) and Tencent Music Entertainment Group Sponsored ADR (TME) have performed compared to their sector so far this year.
The latest trading day saw Teradyne (TER) settling at $147.57, representing a +0.48% change from its previous close.
Teradyne (TER) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).