Free Post Earnings Research Report: Teradyne’s Sales Surged 26.1%; Non-GAAP EPS Soared 43.8%

Stock Monitor: United Microelectronics Post Earnings Reporting

LONDON, UK / ACCESSWIRE / January 30, 2018 / Active-Investors.com has just released a free earnings report on Teradyne, Inc. (NYSE: TER). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=TER. Teradyne reported its fourth quarter and fiscal 2017 operating and financial results on January 24, 2018. The leading supplier of automation equipment for test and industrial applications raised its quarterly dividend by 29% to $0.09 per share and initiated a $1.5 billion share repurchase program. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Teradyne most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

Teradyne reported revenue of $479 million, up 26.1% compared to revenues of $380 million in Q4 2016. The Company’s revenue number topped analysts’ estimates of $437.9 million.

For full year 2017, Teradyne’s sales jumped 22% to $2.14 billion compared to $1.75 billion in FY16.

Teradyne’s GAAP net loss for came in at $105.9 million, or $0.54 per share, in Q4 2017 compared to net income of $66.35 million, or $0.33 per diluted share, for Q4 2016. For the reported quarter, the Company’s GAAP results included a $184 million discrete tax charge related to the impact of US tax policy changes.

On a non-GAAP basis, Teradyne’s net income was $0.46 per diluted share in Q4 2017, which excluded acquired intangible asset amortization, pension actuarial gains, restructuring and other charges, non-cash convertible debt interest, discrete income tax adjustments, and included the related tax impact on non-GAAP adjustments, up 43.8% compared to non-GAAP EPS of $0.32 per share for Q4 2016. The Company’s earnings topped Wall Street’s estimates of $0.34 per share.

For FY17, Teradyne posted GAAP earnings of $1.28 per share compared to GAAP net loss of $0.21 per share in FY16. On a non-GAAP basis, the Company posted earnings of $2.21 per share, up 46.4% compared to earnings of $2.52 per share in FY16.

Segment Results

Teradyne’s orders surged 36.6% to $560 million in Q4 2017 compared to $410 million in Q4 2016. The Company’s orders included $410 million in Semiconductor Test, $69 million in System Test, $56 million in Industrial Automation, and $24 million in Wireless Test for the reported quarter.

For Q4 2017, Teradyne’s Semiconductor Test sales advanced 17% to $317 million on a y-o-y basis. The Company’s Universal Robots reported quarter sales soared 61% on a y-o-y basis, driven by increased awareness of the economic advantages of Teradyne’s cobots for an expanded range of applications

Share Repurchase & Dividend

Teradyne’s Board of Directors approved the share repurchase program authorizing the Company to repurchase up to $1.5 billion of its common stock through open market purchases or private transactions. The $1.5 billion authorization replaces the Company’s existing $500 million repurchase authorization announced in December 2016.

Teradyne’s Board of Directors declared a quarterly cash dividend of $0.09 per share, payable on March 23, 2018, to shareholders of record as of the close of business on February 23, 2018.

Outlook

For the first quarter of 2018, Teradyne is forecasting revenue in the range of $460 million to $490 million. The Company is estimating FY18 GAAP net income of $0.32 to $0.39 per diluted share and non-GAAP net income of $0.38 to $0.45 per diluted share.

Stock Performance Snapshot

January 29, 2018 – At Monday’s closing bell, Teradyne’s stock dropped 1.76%, ending the trading session at $46.86.

Volume traded for the day: 2.63 million shares, which was above the 3-month average volume of 2.39 million shares.

Stock performance in the last month – up 10.78%; previous three-month period – up 11.49%; past twelve-month period – up 64.08%; and year-to-date – up 11.92%

After yesterday’s close, Teradyne’s market cap was at $9.25 billion.

Price to Earnings (P/E) ratio was at 37.04.

The stock has a dividend yield of 0.77%.

The stock is part of the Technology sector, categorized under the Semiconductor Equipment & Materials industry.

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