05:48 PM EDT, 04/24/2024 (MT Newswires) -- Teradyne ( TER ) reported Q1 non-GAAP earnings late Wednesday of $0.51 per diluted share, down from $0.55 per share a year earlier.

Analysts polled by Capital IQ expected $0.33.

Net revenue for the quarter ended March 31 fell to $599.8 million from $617.5 million a year earlier. Analysts surveyed by Capital IQ expected $570.4 million.

For Q2, the company said it expects non-GAAP EPS of $0.64 to $0.84 on revenue of $665 million to $725 million. The consensus is for normalized EPS of $0.60 on revenue of $644.8 million.

Teradyne ( TER ) shares were up 7.2% in after-hours activity.

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