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

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.