Teledyne Technologies (TDY) Tops Q1 EPS by 26c, Beats on Revenues; Boosts FY18 EPS Guidance Above Consensus

Teledyne Technologies (NYSE: TDY) reported Q1 EPS of $1.81, $0.26 better than the analyst estimate of $1.55. Revenue for the quarter came in at $695.6 million versus the consensus estimate of $661.58 million.

• Record first quarter sales of $695.6 million, an increase of 22.9% compared to last year
• Record first quarter GAAP earnings per diluted share of $1.81
• Record first quarter operating margin
• Raising full year 2018 GAAP earnings outlook to $7.67 to $7.77, an increase from the prior outlook of $7.51 to $7.61

GUIDANCE:

Teledyne Technologies sees FY2018 EPS of $7.67-$7.77, versus the consensus of $7.54.

For earnings history and earnings-related data on Teledyne Technologies (TDY) click here.

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