Teradyne Inc. (TER) reported that its first-quarter net income decreased to $6.59 million or $0.03 per share, from $33.56 million or $0.15 per share, last year. Net revenues decreased to $280.37 million from $396.67 million last year. Adjusted profit per share decreased to $0.09 from $0.30 prior year.
On average, 15 analysts polled by Thomson Reuters expected the company to report profit of $0.03 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $274.59 million for the quarter.
The company expects second-quarter revenue in the range of $380 million to $420 million; GAAP net income per share of $0.12 to $0.20; and adjusted profit per share of $0.26 to $0.36. Analysts expect the company to report second-quarter profit per share of $0.44 on revenue of $436.94 million.
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