TER third-quarter 2024 results benefit from strong momentum in the memory test end-market and increased compute demand for AI applications.
Teradyne, Inc. (NASDAQ:TER ) Q3 2024 Earnings Conference Call October 24, 2024 8:30 AM ET Company Participants Traci Tsuchiguchi - VP, IR Greg Smith - President and CEO Sanjay Mehta - VP and CFO Conference Call Participants Mehdi Hosseini - Susquehanna Financial Group Vivek Arya - Bank of America Timothy Arcuri - UBS Investment Bank Samik Chatterjee - J.P. Morgan Chase Brian Chin - Stifel, Nicolaus & Company Christopher Muse - Cantor Fitzgerald Toshiya Hari - Goldman Sachs Krish Sankar - TD Cowen Gus Richard - Northland Capital Operator Good day ladies and gentlemen and welcome to the Q3 2024 Teradyne Incorporated Earnings Conference Call.
Teradyne (TER) came out with quarterly earnings of $0.90 per share, beating the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.80 per share a year ago.
Teradyne forecast fourth-quarter profit and revenue above Wall Street estimates on Wednesday, owing to accelerated demand for its semiconductor-testing equipment, sending its shares up 2.5% in extended trading.
TER's third-quarter 2024 performance is likely to reflect the benefit of strong demand for AI applications in semiconductor testing and the anticipated growth in the robotics segment.
Get a deeper insight into the potential performance of Teradyne (TER) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Teradyne, Inc.'s Q3 earnings report is anticipated with low growth expectations, but I remain hopeful for long-term operational improvements due to recovering end markets. Analysts expect minimal growth, but I believe Teradyne will beat consensus estimates, despite recent downward EPS revisions. I want to see Teradyne leverage AI advancements for higher revenue growth and address the Robotics segment's profitability issues.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Teradyne (TER) closed the most recent trading day at $133.93, moving -0.53% from the previous trading session.
Teradyne and Siemens team up to introduce advanced robotics showcase at MxD in Chicago, featuring advanced cobots, MiRs and real-world applications.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Teradyne (TER) concluded the recent trading session at $129.71, signifying a +1.35% move from its prior day's close.