Teradyne Inc. Q1 adjusted earnings Beat Estimates

(RTTNews) - Teradyne Inc. (TER) released earnings for its first quarter that rose from last year.

The company's bottom line totaled $86.97 million, or $0.43 per share. This compares with $85.22 million, or $0.42 per share, in last year's first quarter.

Excluding items, Teradyne Inc. reported adjusted earnings of $89.4 million or $0.45 per share for the period.

Analysts had expected the company to earn $0.42 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.7% to $487.47 million from $456.91 million last year.

Teradyne Inc. earnings at a glance:

-Earnings (Q1): $89.4 Mln. vs. $88.7 Mln. last year. -EPS (Q1): $0.45 vs. $0.44 last year. -Analysts Estimate: $0.42 -Revenue (Q1): $487.47 Mln vs. $456.91 Mln last year.