Teledyne Technologies Incorporated (NYSE:TDY) is reporting second quarter financial results on Wednesday 22nd July 2020, before market open.
According to analysts surveyed by Thomson Reuters, TDY is expected to report 2Q20 income of $ 1.98 per share from revenue of $ 743.65 million.
For the full year, analysts anticipate top line of $ 3141.68 million, while looking forward to income of $ 9.58 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 9.30 ~ $ 10.00 per share
Click Here For More Historical Outlooks Of Teledyne Technologies Incorporated
Previous Quarter Performance
Teledyne Technologies Incorporated communicated income for the first quarter of $ 2.40 per share, from the revenue of $ 784.60 million. The quarterly earnings enlarged 18.81 percent while revenues enlarged 7.73 percent compared with the same quarter last year.
Street analysts expected Teledyne Technologies Incorporated to report income of $ 2.19 per share on revenue of $ 790.17 million for the first quarter. The bottom line results beat street analysts by $ 0.21 or 9.59 percent, at the same time, top line results fell short of analysts by $ 5.57 million or 0.7 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of TDY was $ 329.72, representing a 68.79 % increase from the 52 week low of $ 195.34 and a 17.36 % decrease over the 52 week high of $ 398.99.
The company has a market capital of $ 12.09 billion and is part of the Technology sector and Scientific & Technical Instruments industry.
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Recent Analyst recommendations
On 15th July 2020, upgraded by Jefferies Financial Group to Buy from Hold rating, with $ 360.00 target price.
Conference Call
Teledyne Technologies Incorporated will be hosting a conference call at 11:00 AM eastern time on 22nd July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.teledyne.com
Teledyne Technologies Incorporated provides instrumentation, digital imaging, aerospace and defense electronics, and engineered systems in the United States, the United Kingdom, Denmark, Canada, France, and the Netherlands. The companys Instrumentation segment offers monitoring and control instruments for marine, environmental, industrial, and other applications, as well as electronic test and measurement equipment; and power and communications connectivity devices for distributed instrumentation systems and sensor networks deployed in mission critical and harsh environments. Its Digital Imaging segment provides image sensors and digital cameras for use in industrial, scientific, and medical applications; and hardware and software for image processing and automatic data collection in industrial and medical applications, as well as manufacturing services for micro electro-mechanical systems.
