Teradyne Inc. Q3 Income Falls 11%

(RTTNews) - Teradyne Inc. (TER) released earnings for third quarter that decreased from last year.

The company said its profit came in at $84.9 million, or $0.40 per share. This was down from $95.8 million, or $0.44 per share, in last year's third quarter.

Analysts had expected the company to earn $0.38 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.5% to $466 million. This was down from $478 million last year.

Teradyne Inc. earnings at a glance:

-Earnings (Q3): $84.9 Mln. vs. $95.8 Mln. last year. -Earnings Decline (Y-o-Y): -11.4% -EPS (Q3): $0.40 vs. $0.44 last year. -EPS Decline (Y-o-Y): -9.1% -Analysts Estimate: $0.38 -Revenue (Q3): $466 Mln vs. $478 Mln last year. -Revenue Change (Y-o-Y): -2.5%

-Guidance: Next quarter EPS guidance: $0.07 - $0.12 Next quarter revenue guidance: $295 - $320 Mln