Teledyne Applied sciences (TDY) got here out with quarterly earnings of $2.84 per share, beating the Zacks Consensus Estimate of $2.53 per share. This compares to earnings of $2.23 per share a 12 months in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of 12.25%. 1 / 4 in the past, it was anticipated that this protection and aerospace trade provider would put up earnings of $2.40 per share when it really produced earnings of $2.80, delivering a shock of 16.67%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates 4 instances.
Teledyne, which belongs to the Zacks Aerospace – Protection Gear trade, posted revenues of $802.20 million for the quarter ended September 2019, surpassing the Zacks Consensus Estimate by 2.73%. This compares to year-ago revenues of $725.30 million. The corporate has topped consensus income estimates thrice during the last 4 quarters.
The sustainability of the inventory’s fast…