Yahoo Finance Teradyne First Quarter 2024 Earnings: Beats Expectations
Teradyne (NASDAQ:TER) First Quarter 2024 Results
Key Financial Results
Revenue: US$599.8m (down 2.9% from 1Q 2023).
Net income: US$64.2m (down 23% from 1Q 2023).
Profit margin: 11% (down from 14% in 1Q 2023).
EPS: US$0.42 (down from US$0.54 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Teradyne Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) also surpassed analyst estimates by 32%.
Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Semiconductor industry in the US.
Performance of the American Semiconductor industry.
The company's shares are up 8.7% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Teradyne's balance sheet and an in-depth analysis of the company's financial position.
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