New ETF Book by Larry Connors - Click here to read more
The company reported net income for the third quarter of $6.7 million or $0.04 per share, compared to a net loss of $22.7 million or $0.13 per share for the year-ago quarter.
Income from continuing operations for the third quarter was $6.7 million or $0.04 per share, compared to a loss from continuing operations of $23.5 million or $0.14 per share a year earlier.
Excluding items, adjusted earnings from continuing operations for the third quarter was $24.8 million or $0.14 per share, compared to $15.1 million or $0.09 per share in the prior year quarter.
On average, 13 analysts polled by Thomson Reuters expected the company to earn $0.11 per share for the third quarter.
Operating expenses for the quarter fell 32.5% to $98.0 million from $145.2 million in the third quarter of last year.
Net revenue for the third quarter dropped 12% to $262.16 million from $297.26 million in the same quarter last year. Eight analysts had a consensus revenue estimate of $255.92 million for the third quarter.
Earlier this month, Teradyne had raised its earnings and revenue outlook for the third quarter, citing improved demand within its businesses.
The company's total bookings in the third quarter were $288 million of which $233 million was in semiconductor test and $55 million in systems test group.
"Our Semiconductor and Systems Test businesses continued to gain strength through the quarter driving our return to operating profitability and positive outlook for Q4," said Teradyne President and CEO Mike Bradley.
For the first nine months of 2009, the company reported a net loss of $150.8 million or $0.87 per share, compared to a net loss of $9.2 million or $0.05 per share for the same period last year.
Loss from continuing operations for the nine-month period was $150.8 million or $0.87 per share, compared to a loss from continuing operations of $10.0 million or $0.06 per share in the prior year quarter.
Adjusted loss from continuing operations for the nine-month period was $76.4 million or $0.44 per share, compared to adjusted earnings from continuing operations of $65.0 million or $0.37 per share last year.
Net revenue for the nine-month period fell to $552.35 million from $912.28 million in the corresponding year-ago period.
Looking forward to the fourth quarter, the company forecasts revenue of $255 million to $270 million, GAAP net income of $0.04 and $0.09 per share and non-GAAP net income of $0.12 to $0.17 per share. Analysts currently expect the company to earn $0.12 per share on revenue of $251.91 million for the fourth quarter.
Teradyne shares closed Wednesday's regular trading session at $8.66, down 48 cents or 5.25% but gained 19 cents or 2.19% in after hours trading.
For comments and feedback: contact editorial@rttnews.com Copyright(c) 2009 RTTNews.com, Inc. All Rights Reserved
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302
© Copyright 2009 The Connors Group, Inc.
