Teledyne Technologies Inc Bottom Line Rises 8% In Q3

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

The company said its bottom line climbed to $52.0 million, or $1.46 per share. This was up from $48.3 million, or $1.34 per share, in last year's third quarter.

Analysts had expected the company to earn $1.31 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 4.5% to $526.8 million. This was down from $551.7 million last year.

Teledyne Technologies Inc earnings at a glance:

-Earnings (Q3): $52.0 Mln. vs. $48.3 Mln. last year. -Earnings Growth (Y-o-Y): 7.7% -EPS (Q3): $1.46 vs. $1.34 last year. -EPS Growth (Y-o-Y): 9.0% -Analysts Estimate: $1.31 -Revenue (Q3): $526.8 Mln vs. $551.7 Mln last year. -Revenue Change (Y-o-Y): -4.5%

-Guidance: Next quarter EPS guidance: $1.32 - $1.37 Full year EPS guidance: $5.26 - $5.31