RTTNews | Oct 27, 2021 07:04AM EDT

07:03 Wednesday, October 27, 2021 (RTTNews.com) - Teledyne Technologies Inc (TDY) announced a profit for its third quarter that rose from the same period last year.

The company's bottom line totaled $134.1 million, or $2.81 per share. This compares with $93.9 million, or $2.48 per share, in last year's third quarter.

Excluding items, Teledyne Technologies Inc reported adjusted earnings of $207.2M or $4.34 per share for the period.

Analysts had expected the company to earn $3.69 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 74.7% to $1.31 billion from $0.75 billion last year.

Teledyne Technologies Inc earnings at a glance:

-Earnings (Q3): $207.2M. vs. $101.5 Mln. last year.-EPS (Q3): $4.34 vs. $2.68 last year.-Analysts Estimate: $3.69-Revenue (Q3): $1.31 Bln vs. $0.75 Bln last year.

-Guidance:Next quarter EPS guidance: 4.07 to $4.17Full year EPS guidance: $16.35 to $16.45

Read the original article on RTTNews ( https://www.rttnews.com/3236036/teledyne-technologies-inc-q3-adjusted-earnings-beat-estimates.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved