Wednesday, Teradyne Inc. (TER) reported fourth-quarter net income of $16.92 million or $0.09 per share, compared to a loss of $384.98 million or $2.28 per share in the same quarter last year.
On a non-GAAP basis, net income was $0.17 per share, compared to a loss of $0.19 per share in the year ago quarter.
On average, 12 analysts polled by Thomson Reuters expected the company to earn $0.15 per share for the quarter. Analysts' estimates typically exclude special items.
Revenue for the quarter was $267 million, up from $194.77 million in the comparable quarter last year. Analysts expected the company to report revenue of $266.91 million for the quarter.
Looking ahead to the first quarter, the company expects revenue in the range of $290 million - $310 million with net income in the range of $0.14 - $0.19 per share. On a non-GAAP basis, net income is expected to be in the range of $0.20 - $0.26 per share. Analysts currently anticipate the company to earn $0.13 per share on revenue of $268.67 million for the quarter.
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