Teradyne Inc. (TER) posted third quarter GAAP income from continuing operations of $6.7 million or $0.04 per share, compared to a loss of $23.4 million or $0.14 per share in the prior year period.
Income from continuing operations excluding restructuring charges, acquired intangible asset amortization and special items was $24.8 million or $0.14 per share, compared to $15.1 million or $0.09 per share in last year quarter.
On average, 13 analysts polled by Thomson Reuters expected the company to report earnings of $0.11 per share. Analysts' estimates typically exclude special items.
Revenue for the period was $262.2 million, compared to $297.3 million in the same period last year. Eight Wall Street analysts expected revenues of $255.92 million.
Looking forward, for the fourth quarter, the company expects GAAP net income per share between $0.04 and $0.09. Non-GAAP net income per share is estimated to be in the range of $0.12 to $0.17. Revenue is forecast in the range of $255 million to $270 million.
Street analysts expect earnings of $0.12 per share on revenues of $251.91 million.
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