NORTH READING, Mass. (AP) 鈥� NORTH READING, Mass. (AP) 鈥� Teradyne Inc. (TER) on Tuesday reported first-quarter earnings of $398.9 million.
On a per-share basis, the North Reading, Massachusetts-based company said it had profit of $2.53. Earnings, adjusted for one-time gains and costs, were $2.56 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.11 per share.
The maker of wireless products, data storage and equipment to test semiconductors posted revenue of $1.28 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $1.22 billion.
For the current quarter ending in June, Teradyne expects its per-share earnings to range from $1.86 to $2.15.
The company said it expects revenue in the range of $1.15 billion to $1.25 billion for the fiscal second quarter.
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