Teledyne Technologies Incorporated’s Stock Price Plummets to $362.50, Marking a Sharp 10.95% Drop

Teledyne Technologies Incorporated (TDY)

362.50 USD -44.56 (-10.95%) Volume: 1.1M

Teledyne Technologies Incorporated’s stock price stands at 362.50 USD, experiencing a significant decrease of -10.95% in the current trading session with a trading volume of 1.1M, highlighting a downward trend with a YTD percentage change of -18.77%.

Latest developments on Teledyne Technologies Incorporated

Teledyne Technologies (NYSE:TDY) experienced significant stock price movements today, following a series of key events. The company’s shares fell sharply, sinking by 12% after it reported disappointing Q1 2024 results, missing both earnings per share (EPS) and revenue estimates. This resulted in a cut to the full-year adjusted earnings guidance. Furthermore, Teledyne’s Q1 earnings lagged behind estimates, leading to a downward revision of its ’24 EPS view. Despite the introduction of new products such as the MicroCalibir Long Wave Infrared Compact Thermal Camera Core, weak sales led to a reduced profit forecast for 2024, further impacting the stock’s performance.

A look at Teledyne Technologies Incorporated Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Teledyne Technologies Inc. has a positive long-term outlook based on the Smartkarma Smart Scores. With high scores in value and growth, the company is positioned well for future success. Despite a lower score in dividends, Teledyne’s resilience and momentum scores indicate stability and potential for continued growth in the electronic subsystems and instrumentation industry.

Teledyne Technologies Inc. is a company that provides electronic subsystems and instrumentation, including aerospace and defense electronics, digital imaging products & software, monitoring instrumentation for marine & environmental applications, harsh environment interconnect products, and subsystems for satellite communications. With a strong focus on engineering systems, Teledyne is well-positioned in the market for long-term success.

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