Teradyne, Inc. (NASDAQ: TER) Released last Quarter earning report for financial year ended 2018

Shares of Teradyne, Inc. (NASDAQ: TER) closed the trading at a price of $43.94 with the negative change of -0.45%. In the past session approximately 1,364,057 shares were exchanged against the average daily trading volume of 2,299,075 shares. The stock touched to the maximum level of $44.25, and it reached the lower level of $43.40 in past session. The stock’s market capitalization has now valued at $7.609B . The stock’s low price in its 52 week is $28.73 per share while $45.80 as the 52 week high price. The last bid price was called at $42.46 x 2200 and the ask price was stated at $45.00 x 800 .

Teradyne, Inc. (NASDAQ: TER) stated revenue of $520M for the fourth quarter of 2018 of which $342M was in Semiconductor Test, $84M in Industrial Automation (IA), $54M in System Test and $40M in Wireless Test. GAAP net income for the fourth quarter was $143.8M or $0.79 per share. On a non-GAAP basis, Teradyne’s earnings within the fourth quarter was $113.0M, or $0.63 per diluted share, that excluded restructuring and different charges, purchased intangible asset amortization, pension actuarial gains, non-cash convertible debt interest, discrete income tax adjustments, and included the related tax impact on non-GAAP adjustments.

“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,” stated CEO and President Mark Jagiela. “For the total year, our Semiconductor Test group delivered record memory and analog revenues, which lessened the impact of lower mobility test shipments. Gross margin for the year was at a record level due mainly to continue Universal Robots manufacturing cost reductions and a favorable product mix overall. 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 over doubled on a pro-forma basis.”

As part of the $1.5B authorization established in January 2018, Teradyne purchased $823M of its ordinary shares in 2018 and expects to repurchase $500M of its ordinary shares in 2019.

Teradyne’s Board of administrators reported a quarterly money dividend of $0.09 per share, collectible on March twenty two, 2019 to shareholders of record as of the shut of business on Feb 22, 2019.

Guidance for the first quarter of 2019 is revenue of $460M to $490M, with GAAP net income of $0.31 to $0.39 per diluted share and non-GAAP net income of $0.39 to $0.47 per diluted share. Non-GAAP guidance excludes purchased intangible asset amortization, non-cash convertible debt interest and includes the related tax impact on non-GAAP adjustments.

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