Teledyne Technologies Inc Q3 Profit Increases, beats estimates

(RTTNews) - Teledyne Technologies Inc (TDY) reported a profit for its third quarter that increased from last year and beat the Street estimates.

The company's earnings totaled $178.3M, or $3.74 per share. This compares with $134.1M, or $2.81 per share, in last year's third quarter.

Excluding items, Teledyne Technologies Inc reported adjusted earnings of $216.5 million or $4.54 per share for the period.

Analysts on average had expected the company to earn $4.29 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.8% to $1.36 billion from $1.31 billion last year.

Teledyne Technologies Inc earnings at a glance (GAAP) :

-Earnings (Q3): $178.3M. vs. $134.1M. last year. -EPS (Q3): $3.74 vs. $2.81 last year. -Analyst Estimate: $4.29 -Revenue (Q3): $1.36 Bln vs. $1.31 Bln last year.

-Guidance: Next quarter EPS guidance: $4.46 to $4.56 Full year EPS guidance: $17.70 to $17.80.