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April 27, 2021, 5:29 p.m. EDT

Teradyne's Q1 tops views, company sees automation recovery 'in full swing'

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By Claudia Assis


Shares of Teradyne Inc. /zigman2/quotes/208321188/composite TER -3.33% rose more than 4% in the extended session Tuesday after the semiconductor test maker reported first-quarter results above Wall Street expectations and said a recovery for industrial automation is in "full swing." Teradyne said it earned $782 million, or $1.09 a share, in the quarter, compared with $704 million, or 97 cents a share, in the year-ago period. Adjusted for one-time items, Teradyne earned $1.11 a share. Revenue rose 11% to $782 million. Analysts polled by FactSet had expected the company to report adjusted EPS of $1.05 on sales of $760 million. "Test demand for automotive, industrial, memory, and mobility remain strong and growing," Chief Executive Mark Jagiela said in a statement. "The industrial automation recovery is in full swing with 33% growth compared to (first quarter 2020)," he said.

US : U.S.: Nasdaq
$ 107.83
-3.71 -3.33%
Volume: 611,110
Feb. 3, 2023 2:27p
P/E Ratio
Dividend Yield
Market Cap
$17.37 billion
Rev. per Employee

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