Teradyne Beats Q3 Earnings Estimates: Will Raised View Aid Shares?
Teradyne(TER) ZACKS·2024-10-25 02:00
Teradyne (TER) reported third-quarter 2024 earnings of 90 cents per share, which surpassed the Zacks Consensus Estimate by 15.38% and increased 12.5% year over year.Revenues of $737 million beat the Zacks Consensus Estimate by 3.25% and increased 5% year over year. The growth is driven by strong AI-related demand.TER’s shares have risen 14.7% compared with the Zacks Computer and Technology sector’s rise of 27.1% year to date. We believe the raised guidance will help TER stock to recover.TER’s Q3 Top-line De ...