Teledyne Q3 Profit Tops Estimates at $6.72 Per Share, Revenue $1.68 Billion

Teledyne Technologies Inc. (TDY) on Wednesday reported third-quarter net income of $272.8 million, or $5.82 per share, exceeding Wall Street expectations. Adjusted for amortization and merger-and-acquisition costs, earnings came to $6.72 per share. The average estimate of four analysts surveyed by Zacks Investment Research was $6.15 per share. The Thousand Oaks, California-based defense and aerospace supplier posted revenue of $1.68 billion for the period. For the current quarter ending in December, Teledyne expects per-share earnings of $6.60 to $6.70. The company projects full-year earnings in the range of $25.40 to $25.50 per share.