Teledyne rises on Q3 profit beat, higher annual forecast

By Reuters News

** Teledyne Technologies TDY.N shares rise over 2% to $646.40 after Q3 results

** The target-detection sensor maker raises FY26 adj EPS view to $25.40-$25.50 from $24.45-$24.65

** Q3 adj EPS of $6.72 beats est $6.17, per LSEG data

** Q3 rev of $1.68 bln beats est $1.65 bln

** Digital Imaging sales jump 15% yoy to $903 mln

** TDY sees Q4 adj EPS of $6.60-$6.70 vs est 6.54

** Funded backlog nears $5.3 bln; co has bought back $224.6 mln of stock since September

** 8 of 13 brokerages rate stock "buy" or above, 5 "hold"; median PT: $760 - data compiled by LSEG

** Including session's moves, stock has risen ~26% YTD

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