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Teledyne Technologies Inc Profit Drops In Q2

Teledyne Technologies Inc (TDY) released earnings for second quarter that decreased from last year.

The company's bottom line came in at $93.7 million, or $2.48 per share. This compares with $104.6 million, or $2.80 per share, in last year's second quarter.

Analysts had expected the company to earn $1.98 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 4.9% to $743.3M from $782.0 million last year.

Teledyne Technologies Inc earnings at a glance:

-Earnings (Q2): $93.7 Mln. vs. $104.6 Mln. last year.
-EPS (Q2): $2.48 vs. $2.80 last year.
-Analysts Estimate: $1.98
-Revenue (Q2): $743.3M vs. $782.0 Mln last year.

-Guidance:
Next quarter EPS guidance: $2.25 to $2.45
Full year EPS guidance: $9.45 to $10.00

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