Teledyne Technologies Inc Bottom Line Retreats 5% 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 profit fell to $53.0 million, or $1.48 per share. This was lower than $55.5 million, or $1.57 per share, in last year's fourth quarter.

Analysts had expected the company to earn $1.36 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 7.0% to $552.9 million. This was down from $594.7 million last year.

Teledyne Technologies Inc earnings at a glance:

-Earnings (Q4): $53.0 Mln. vs. $55.5 Mln. last year. -Earnings Decline (Y-o-Y): -4.5% -EPS (Q4): $1.48 vs. $1.57 last year. -EPS Decline (Y-o-Y): -5.7% -Analysts Estimate: $1.36 -Revenue (Q4): $552.9 Mln vs. $594.7 Mln last year. -Revenue Change (Y-o-Y): -7.0%

-Guidance: Next quarter EPS guidance: $1.15 - $1.17 Full year EPS guidance: $5.40 - $5.50