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Why is Teledyne Technologies Inc (TDY) Stock down?

24 Apr, 2024:

Teledyne Technologies Inc (TDY) stock declined by 10.95% following the company's quarterly earnings report, which fell short of the Zacks Consensus Estimate.

  • Earnings Report Details: Teledyne Technologies reported quarterly earnings of $4.55 per share, missing the Zacks Consensus Estimate of $4.64 per share. This is a slight increase from earnings of $4.53 per share reported a year ago, when adjusted for non-recurring items.
  • Revenue Performance: The company posted revenues of $1.35 billion for the quarter, missing the Zacks Consensus Estimate by 3.62%. This is lower than the year-ago revenues of $1.38 billion.
scientific_technical_instruments FTV
$78.42
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$72.32
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$105.34
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$170.28
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$114.92
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