08:13 AM EDT, 04/24/2024 (MT Newswires) -- Teledyne Technologies ( TDY ) reported Q1 adjusted earnings Wednesday of $4.55 per diluted share, up from $4.53 a year earlier.

Analysts polled by Capital IQ expected $4.63.

Net sales for the quarter ended March 31 were $1.35 billion, compared with $1.38 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.39 billion.

For Q2, the company said it expects adjusted earnings of $4.40 to $4.50 per diluted share. Analysts polled by Capital IQ expect $5.00.

For 2024, the company now expects adjusted earnings of $19.25 to $19.45 per diluted share, compared with $20.35 to $20.68 previously. Analysts surveyed by Capital IQ expect $20.56.

Teledyne Technologies' ( TDY ) shares were down nearly 7% in recent Wednesday premarket activity.

Price: 380.00, Change: -27.06, Percent Change: -6.65