Teradyne Q2 Profit Down - Quick Facts

(RTTNews) - Teradyne Inc. (TER) Wednesday reported second-quarter profit of $66.56 million or $0.28 per share, down from $111.39 million or $0.49 per share in the same period last year.

Adjusted earnings for the quarter was $89.1 million or $0.43 per share. On average, 15 analysts polled by Thomson Reuters expected the company to earn $0.32 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues dropped to $428.89 million from $548.28 million last year. Analysts expected revenues of $407.85 million.

Looking ahead to the third quarter, the company has forecast earnings in the range of $0.23 to $0.31 per share, with adjusted earnings ranging between $0.39 and $0.49 per share.