Teledyne Technologies Lifts Annual Earnings Outlook

(RTTNews) - For the full year, Teledyne Technologies Inc. (TDY) increased earnings outlook to the range of $15.34-$15.66 per share, from the prior expectation of $14.10 to $14.55 per share.

It also tightened the adjusted earnings guidance to the range of $17.75 to $18.00 per share, compared with $17.60 to $18.00 per share provided earlier.

The Street sees earnings of $17.95 per share for the full year. Analysts' estimates typically exclude special items.

For the second quarter, Teledyne expects adjusted EPS to be in the range of $4.32-$4.40. On average, 8 analysts polled by Thomson Reuters expect the company to report earnings of $4.37 per share.