THOUSAND OAKS, Calif. (AP) — THOUSAND OAKS, Calif. (AP) — Teledyne Technologies Inc. (TDY) on Wednesday reported third-quarter net income of $262 million.
The Thousand Oaks, California-based company said it had net income of $5.54 per share. Earnings, adjusted for non-recurring gains, were $5.10 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $4.97 per share.
The defense and aerospace industry supplier posted revenue of $1.44 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $1.42 billion.
For the current quarter ending in December, Teledyne expects its per-share earnings to range from $5.13 to $5.23.
The company expects full-year earnings in the range of $19.35 to $19.45 per share.
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