Teradyne Inc. (TER: Quote) Wednesday reported fourth-quarter net loss of $16.5 million or $0.09 per share, compared to a net income of $127.3 million or $0.57 per share in the comparable quarter last year.
Excluding items, adjusted earnings from continuing operations for the quarter were $0.07 per share, down from $0.17 per share a year ago.
On average, 15 analysts polled by Thomson Reuters expected earnings of $0.01 per share for the quarter. Analysts’ estimates typically exclude special items.
Revenues for the quarter were $248.40 million, compared with $296.99 million in the prior year quarter, while thirteen analysts on consensus estimated revenues of $247.41 million.
Looking ahead to the first quarter, the company expects adjusted results from continuing operations to range between a loss of $0.06 and $0.01 per share. It expects net loss for the quarter in a range of $0.01 and earnings of $0.05 per share on sales of $260 million to $280 million.
Analysts currently expect earnings of $0.16 per share on revenues of $319.34 million for the first quarter.
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by RTT Staff Writer
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