BOSTON (Thomson Financial) - Teledyne Technologies Inc. Thursday reported
third-quarter net income of $27.1 million, or 75 cents a share, topping Wall
Street's estimate of 71 cents a share.
The Thousand Oaks, Calif.-based electronic components provider said revenue
for the period rose 12.5% to $408.9 million, below the consensus estimate of
analysts polled by Thomson Financial of $416.5 million.
Teledyne said it expects fourth-quarter earnings of 65 cents to 68 cents a
share and full-year earnings of $2.64 to $2.67 a share.
Analysts surveyed by Thomson Financial estimate, on average, fourth-quarter
earnings of 68 cents a share on revenue of $436.5 million.
Shares closed Wednesday at $53.13.
Greg Saulnier
gs/jw
COPYRIGHT
Copyright Thomson Financial News Limited 2007. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content,
including by framing or similar means, is expressly prohibited without the prior
written consent of Thomson Financial News.
|