THOUSAND OAKS, Calif. (AP) — THOUSAND OAKS, Calif. (AP) — Teledyne Technologies Inc. (TDY) on Wednesday reported second-quarter net income of $209.9 million.
The Thousand Oaks, California-based company said it had net income of $4.43 per share. Earnings, adjusted for one-time gains and costs, came to $5.20 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $5.02 per share.
The defense and aerospace industry supplier posted revenue of $1.51 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $1.47 billion.
For the current quarter ending in September, Teledyne expects its per-share earnings to range from $5.35 to $5.45.
The company expects full-year earnings in the range of $21.20 to $21.50 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TDY at https://www.zacks.com/ap/TDY
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