Teledyne Announces Preliminary Third Quarter Results and Updated Outlook
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Needham & Company Downgrades Teledyne (TDY) to Hold
October 6, 2015 7:36 AM EDTNeedham & Company downgraded Teledyne (NYSE: TDY) from Buy to Hold noting the outlook in instrumentation weakens.
Analyst James Ricchiuti commented, "We are lowering our rating on TDY to Hold from Buy following yesterday's Q3 preannouncement, the result primarily of a weakening outlook in the company's instrumentation business, which... More
Teledyne Technologies (TDY) Cuts Q3, FY15 EPS Outlook
October 5, 2015 6:47 AM EDTTeledyne Technologies (NYSE: TDY) announced that it has reduced its outlook for third quarter and full year 2015 diluted earnings per share. The companys management now believes that third quarter 2015 GAAP earnings per diluted share will be in the range of approximately $1.30 to $1.33 and full year 2015 earnings per diluted share will be in the range of approximately $5.10 to $5.17 compared to the prior outlook of $1.45 to $1.48 and $5.60... More
