Teledyne Technologies Inc Bottom Line Drops 8% In Q4

(RTTNews) - Teledyne Technologies Inc (TDY) revealed a profit for fourth quarter that declined compared to the same period last year.

The company said its bottom line fell to $55.5 million, or $1.57 per share. This was lower than $60.2 million, or $1.62 per share, in last year's fourth quarter.

Analysts had expected the company to earn $1.28 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 3.6% to $600.0 million. This was down from $622.3 million last year.

Teledyne Technologies Inc earnings at a glance:

-Earnings (Q4): $55.5 Mln. vs. $60.2 Mln. last year. -Earnings Decline (Y-o-Y): -7.8% -EPS (Q4): $1.57 vs. $1.62 last year. -EPS Decline (Y-o-Y): -3.1% -Analysts Estimate: $1.28 -Revenue (Q4): $600.0 Mln vs. $622.3 Mln last year. -Revenue Change (Y-o-Y): -3.6%

-Guidance: Next quarter EPS guidance: $1.00 - $1.10