Teradyne beats by $0.13, beats on revs; guides Q1 in-line (31.93 +0.13)
- Reports Q4 (Dec) earnings of $0.63 per share, $0.13 better than the S&P Capital IQ Consensus of $0.50; revenues rose 8.6% year/year to $520 mln vs the $494.17 mln S&P Capital IQ Consensus.
- Co issues in-line guidance for Q1, sees EPS of $0.39-0.47, excluding non-recurring items, vs. $0.46 S&P Capital IQ Consensus; sees Q1 revs of $460-490 mln vs. $481.65 mln S&P Capital IQ Consensus.
- "We finished 2018 with strong fourth quarter sales above the high end of our guidance driven by upside demand in our Semiconductor and Wireless test businesses... In IA, Universal Robots' full year growth of 38%, while strong, was below our target due mainly to slowing demand in China and the automotive sector. MiR sales for the year more than doubled on a pro-forma basis."
- As part of the $1.5 billion authorization established in January 2018, Teradyne purchased $823 million of its common shares in 2018 and expects to repurchase $500 million of its common shares in 2019