Teradyne Q4 Profit Tops Estimates - Quick Facts

(RTTNews) - Teradyne, Inc. (TER) reported a fourth-quarter net loss of $103.81 million or $0.48 per share, compared to profit of $22.34 million or $0.09 per share, prior year. On a non-GAAP basis, Teradyne's net income in the fourth quarter was $31.1 million, or $0.14 per share, which excluded a Wireless Test goodwill impairment charge of $99 million, pension actuarial losses of $47 million as well as acquired intangible asset amortization and discrete income tax adjustments.

On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $0.12 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $323.24 million from $285.30 million last year. Analysts expected revenue of $318.67 million for the quarter.

The Board of Teradyne declared a quarterly cash dividend of $0.06 per share, payable on March 24, 2015 to shareholders of record as of the close of business on February 27, 2015.

The company's guidance for the first quarter is revenue of $320 million to $345 million, with non-GAAP net income of $0.09 to $0.14 per share and GAAP net income of $0.07 to $0.11 per share. Analysts expect the company to report first-quarter earnings per share of $0.17 on revenue of $343.71 million.