Teradyne Q4 Adj. Profit Tops View; Issues Q1 Outlook - Quick Facts

(RTTNews) - Teradyne Inc. (TER) Wednesday reported fourth-quarter net income of $22.3 million or $0.09 per share, compared to net loss of $16.5 million or $0.09 per share in the same period last year.

Adjusted net income for the quarter was $13.2 million or $0.07 per share. On average, 16 analysts polled by Thomson Reuters expected the company to earn $0.04 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues rose to $285.30 million from $248.40 million last year, while 13 analysts expected revenues of $275.30 million.

Looking ahead to the first quarter, the company has forecast GAAP loss in the range of $0.09 to $0.03 per share, with adjusted earnings ranging between $0.02 and $0.09 per share and revenues in the order of $300 million to $330 million. Analysts currently expect the company to report first-quarter earnings of $0.17 per share on revenues of $327.75 million.