RTTNews | Jul 22, 2020 07:04AM EDT

07:03 Wednesday, July 22, 2020 (RTTNews.com) - While reporting financial results for the second quarter on Wednesday, Teledyne Technologies Inc. (TDY) raised its earnings guidance for fiscal 2020 to a range of $9.45 to $10.00 per share from the prior forecast range of $9.30 to $10.00 per share.

Based on its current outlook, the company also projected earnings for the third quarter to be in the range of $2.25 to $2.45 per share.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $2.53 per share for the third quarter and $9.58 per share for the year. Analysts' estimates typically exclude special items.

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