Teradyne Q1 Profit Down - Quick Facts

(RTTNews) - Teradyne Inc. (TER) Wednesday reported first-quarter profit of $929 million, down from $6.59 million in the same period last year. On a per-share basis, earnings were breakeven, compared to $0.09 per share.

On average, 16 analysts polled by Thomson Reuters expected the company to earn $0.07 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $321.01 million from $280.37 million last year. Analysts expected revenues of $314.57 million.

Looking ahead to the second quarter, the company has forecast earnings in the order of $0.29 to $0.36 per share, with revenues ranging between $460 million and $490 million. Analysts currently expect the second-quarter earnings of $0.49 per share.