Teradyne (TER) Tops Q3 EPS by 8c, Revenues Beat; Offers 4Q EPS/Revenue Outlook Above Consensus

Teradyne (NYSE: TER) reported Q3 EPS of $0.71, $0.08 better than the analyst estimate of $0.63. Revenue for the quarter came in at $567 million versus the consensus estimate of $556.89 million.

"Increased third quarter sales, combined with favorable product mix, drove earnings above our guidance," said President and CEO Mark Jagiela. "In Semiconductor Test, sales increased 5% compared to Q3'17 due to continued strength in automotive and industrial chip test markets combined with increased memory test demand for our expanded Magnum product line. Universal Robots (UR) growth, combined with 2018 acquisitions MiR and Energid, drove our Industrial Automation sales up 64% compared to Q3'17. Growing traction for UR’s next generation e-Series Cobots and expanded distribution for MiR's mobile platform powered the growth and positions us for a strong finish to the year.

GUIDANCE:

Teradyne sees Q4 2018 EPS of $0.46-$0.54, versus the consensus of $0.42. Teradyne sees Q4 2018 revenue of $480-510 million, versus the consensus of $470.21 million.

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

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