Why Teradyne Stock Soared 18.9% Today
Shares of (NASDAQ: TER) jumped on Wednesday, finishing the day up 18.9%. The spike comes as the S 500 (^GSPC) and the Nasdaq Composite (^IXIC) fell slightly.
Teradyne, an electronics testing company, released mostly better-than-expected earnings today, leading to a prominent analyst maintaining their "overweight" rating for the stock.
The company's reported earnings per share (EPS) and revenue figures both slightly topped expectations. Analysts had estimated $0.54 per share on sales of $651 million. Teradyne delivered $0.57 per share on sales of $651 million. While the company surpassed expectations for the quarter, its top line fell by 11% year over year (YOY).
Source Fool.com
Teradyne Inc. Stock
€193.82
-1.540%
Our community is currently high on Teradyne Inc. with 38 Buy predictions and 9 Sell predictions.
On the other hand, the target price of 111 € is below the current price of 193.82 € for Teradyne Inc., so the potential is actually -42.73%.
