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Teledyne Technologies Q2 Non-GAAP Earnings, Sales Fall; Issues Q3 Outlook, Reaffirms 2024 Adjusted EPS Outlook
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Teledyne Technologies Q2 Non-GAAP Earnings, Sales Fall; Issues Q3 Outlook, Reaffirms 2024 Adjusted EPS Outlook
Jul 24, 2024 5:05 AM

07:35 AM EDT, 07/24/2024 (MT Newswires) -- Teledyne Technologies ( TDY ) reported Q2 non-GAAP earnings Wednesday of $4.58 per diluted share, down from $4.67 a year earlier.

Analysts polled by Capital IQ expected $4.50.

Net sales for the quarter ended June 30 were $1.37 billion, down from $1.42 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.36 billion.

For Q3, the company said it expects non-GAAP EPS of $4.90 to $5. Analysts polled by Capital IQ expect $5.01.

The company continues to expect 2024 non-GAAP EPS of $19.25 to $19.45. Analysts surveyed by Capital IQ expect $19.38.

Shares of Teledyne ( TDY ) were slightly down in recent Wednesday premarket activity.

Price: 402.10, Change: -0.07, Percent Change: -0.02

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