Teradyne: 4Q Earnings Snapshot

NORTH READING, Mass. (AP) _ Teradyne Inc. (TER) on Wednesday reported fourth-quarter net income of $143.8 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the North Reading, Massachusetts-based company said it had profit of 79 cents. Earnings, adjusted for one-time gains and costs, were 63 cents per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.

The maker of wireless products, data storage and equipment to test semiconductors posted revenue of $519.6 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $495.4 million.

For the year, the company reported profit of $451.8 million, or $2.35 per share. Revenue was reported as $2.1 billion.

For the current quarter ending in April, Teradyne expects its per-share earnings to range from 39 cents to 47 cents.

The company said it expects revenue in the range of $460 million to $490 million for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $501.4 million.

Teradyne shares have risen roughly 2 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $31.93, a decline of 34 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TER at https://www.zacks.com/ap/TER