Teradyne (TER) Surpasses Q4 Earnings & Revenue Estimates
Zacks Investment Research | Jan 23, 2019 10:05PM ET
Teradyne Inc. (NASDAQ:TER) reported fourth-quarter 2018 earnings of 63 cents per share, surpassing the Zacks Consensus Estimate by 13 cents. The figure increased 37% year over year.
Revenues of $519.6 million increased 8.4% year over year. Also, the figure surpassed the Zacks Consensus Estimate of $496 million and the guided range of $480 and $510 million.
Approximately 65.8% of the revenues came from semiconductor Testing platforms, 16.2% from Industrial Automation, 10.4% from system Test business and the remaining 7.7% from wireless Test business.
Inside the Headlines
The increase in total revenues was driven by escalating demand for Semiconductor and Wireless test businesses.
Teradyne’s Semiconductor Test Group witnessed an increase in revenues from record memory and analog devices, which helped offset the weakness in mobility test shipments in 2018.
Industrial Automation segment witnessed 38% growth year over year in 2018, but the growth was below the company’s expectation. Notably, waning demand in China and the automotive sector negatively impacted growth of this segment in 2018.
Teradyne, Inc. Price, Consensus and EPS Surprise
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