{"id":8862,"date":"2013-07-26T06:46:24","date_gmt":"2013-07-26T10:46:24","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=8862"},"modified":"2013-07-26T06:46:24","modified_gmt":"2013-07-26T10:46:24","slug":"teradyne-inc-nasdaqter-q2-profits-down-40","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/teradyne-inc-nasdaqter-q2-profits-down-40-8862","title":{"rendered":"Teradyne Inc (NASDAQ:TER) Q2 profits down 40%."},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 07\/26\/2013 (wallstreetpr) &#8211;\u00a0Teradyne Inc (NASDAQ:TER), is down 4.5% to $16.5 from previous days close of $17.29. The market reaction is in conjunction with the weak Q2 numbers reported by the company on Wednesday 24<sup>th<\/sup> July 2013. In anticipation to weaker numbers, the share prices have seen a downside of close to 11% in last 3 trading sessions.<\/p>\n<p style=\"text-align: justify;\">The Net profit for the quarter ending June 13 is down to $66.56 million ($ 0.28 per share) as compared to $111.39 million ($ 0.49 per share) in the same period last year. The lower income is on account of 22% decline in revenue from $548.28 same period previous year to $428.89 million in the current quarter.<\/p>\n<p style=\"text-align: justify;\">Inspite of weak numbers reported in Q2, company beats the market anticipation; presently the stock is trading close to its 52 week high with 90 day average daily volume being traded is 2 million shares. 15 analysts polled by Reuters expect the Q3 earnings in the range of $ 0.32 &#8211; $ 0.40 per share.<\/p>\n<p style=\"text-align: justify;\">Bookings in Q2 FY 13 were $ 474 million with reasonable improvements in growth expected in Semi-conductor and wireless test business, the guidance for Q3 earnings are being given by the company at earnings level of $ 425 to $465 which is diluted EPS of $ 0.23 to $ 0.31. The semi-conductor test segment of business grew 40% in second quarter.<\/p>\n<p style=\"text-align: justify;\">The future order book is strengthening with market opportunities opening wide as we approach Q3.<\/p>\n<p style=\"text-align: justify;\">Teradyne has partnered with Acetec\u2019s new production test facility in Zhen Jiang, China. This partnership will enable Teradyne to expand its operations in China.<\/p>\n<p style=\"text-align: justify;\">Another important deal with Hewlett- Packard has been recently announced. The Massachusetts based leading provider of automated equipment for Semi-conductor testing will deploy host of networking solutions to enhance IT infrastructure of HP.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 07\/26\/2013 (wallstreetpr) &#8211;\u00a0Teradyne Inc (NASDAQ:TER), is down 4.5% to $16.5 from previous days close of $17.29. The market reaction is in conjunction with [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":8863,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[2963,2962],"stock_ticker":[],"class_list":["post-8862","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-nasdaqter","tag-teradyne-inc-nasdaqter","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Teradyne Inc (NASDAQ:TER) Q2 profits down 40%. - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/teradyne-inc-nasdaqter-q2-profits-down-40-8862\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Teradyne Inc (NASDAQ:TER) Q2 profits down 40%. - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"Boston, MA 07\/26\/2013 (wallstreetpr) &#8211;\u00a0Teradyne Inc (NASDAQ:TER), is down 4.5% to $16.5 from previous days close of $17.29. 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