Teledyne Technologies (TDY) increased its full year 2026 GAAP earnings per share outlook to $20.08 to $20.44 compared with the prior outlook of $19.76 to $20.22. The company also increased full year 2026 non-GAAP earnings per share outlook to $23.85 to $24.15, compared with the prior outlook of $23.45 to $23.85.
For the second quarter, the company expects GAAP earnings per share will be in the range of $4.75 to $4.90. The company projects second quarter non-GAAP earnings per share will be in the range of $5.70 to $5.80.
Net income attributable to Teledyne was $226.8 million or $4.85 per share for the first quarter compared with $188.6 million or $3.99 per share, a year ago, an increase of 20.3%. Non-GAAP earnings per share was $5.80, an increase of 17.2% compared with last year. Net sales were $1.56 billion compared with $1.45 billion, last year, an increase of 7.6%.
In pre-market trading on NYSE, Teledyne shares are up 0.99 percent to $649.50.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.