Teledyne Technologies Inc Q3 Profit Increases, beats estimates

(RTTNews) - Teledyne Technologies Inc (TDY) revealed earnings for its third quarter that increased from last year and beat the Street estimates.

The company's earnings totaled $198.6 million, or $4.15 per share. This compares with $178.3 million, or $3.74 per share, in last year's third quarter.

Excluding items, Teledyne Technologies Inc reported adjusted earnings of $241.9 million or $5.05 per share for the period.

Analysts on average had expected the company to earn $4.76 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.9% to $1.40 billion from $1.36 billion last year.

Teledyne Technologies Inc earnings at a glance (GAAP) :

-Earnings (Q3): $198.6 Mln. vs. $178.3 Mln. last year. -EPS (Q3): $4.15 vs. $3.74 last year. -Analyst Estimate: $4.76 -Revenue (Q3): $1.40 Bln vs. $1.36 Bln last year.

-Guidance: Next quarter EPS guidance: $4.95 to $5.05 Full year EPS guidance: $19.20 to $19.30