Teradyne Q3 Profit Rises

(RTTNews) - Teradyne Inc. (TER) Wednesday reported third-quarter net income of $82.9 million or $0.38 per share, up from $69.5 million or $0.29 per share last year.

Adjusted earnings for the quarter were $0.44 per share, down from $0.46 per share last year.

Net revenues for the quarter rose to $478.0 million from $433.4 million last year.

Analysts polled by Thomson Reuters estimate earnings of $0.40 per share on revenues of $463.52 million for the quarter. Analysts' estimates typically exclude one-time items.

For the fourth quarter, the company expects adjusted earnings of $0.08 to $0.14 per share and revenues of $305 million to $330 million. Analysts currently estimate earnings of $0.17 per share on revenues of $331.74 million for the quarter.