FX.co ★ Teradyne Inc. Q1 Profit Decreases, but beats estimates

Teradyne Inc. (TER) recently announced its earnings for the first quarter, which showed a decrease from the previous year but still surpassed Wall Street estimates. The company's earnings amounted to $64.2 million or $0.40 per share, compared to $83.5 million or $0.50 per share during the same period last year.

When excluding certain items, Teradyne Inc.’s reported adjusted earnings stood at $0.51 per share for the quarter. This was higher than the average prediction of $0.33 per share, according to Thomson Reuters’ compilation of analyst forecasts, which typically exclude special items.

The company saw its quarterly revenue drop by 2.9% to $599.8 million, down from last year’s $617.5 million.

To summarize Teradyne Inc.'s earnings in the first quarter according to Generally Accepted Accounting Principles (GAAP):

- Earnings (Q1): $64.2 million, down from last year’s $83.5 million.

- Earnings Per Share (EPS) (Q1): $0.40, down from $0.50 during the same period last year.

- Revenue (Q1): $599.8 million, a decrease from $617.5 million during the same period last year.