Teradyne Reports Strong Q1 Earnings but Shares Drop 19.4%
Teradyne (NASDAQ: TER) reported strong first-quarter earnings with revenue up 86.6% to $1.28 billion and adjusted EPS up 241% to $2.75, both exceeding expectations. However, shares fell 19.4% after the company guided for a quarter-over-quarter revenue dip and a decline in gross margins, leading to profit-taking by investors.
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