UPDATE: Teradyne (TER) Tops Q1 EPS by 3c, Q2 Guidance Misses

Teradyne (NYSE: TER) reported Q1 EPS of $0.45, $0.03 better than the analyst estimate of $0.42. Revenue for the quarter came in at $487 million versus the consensus estimate of $478.45 million.

GUIDANCE:

Teradyne sees Q2 2018 EPS of $0.45-$0.52, versus the consensus of $0.92. Teradyne sees Q2 2018 revenue of $490-520 million, versus the consensus of $693.91 million.

"Despite the strong first quarter results, the demand outlook for 2018 mobile device test capacity declined sharply in the quarter and our second quarter guidance reflects that revised outlook. Those strong first quarter results included record Nextest memory shipments and the highest Eagle analog test shipments in over two years reflecting healthy demand in the automotive, industrial, and NAND Flash markets,” said CEO and President Mark Jagiela. “Universal Robots’ high growth continued in the quarter driven by broad based demand for UR’s easy to use collaborative robots and the group is on-track for 50%+ full year growth."

For earnings history and earnings-related data on Teradyne (TER) click here.

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