Teledyne Technologies Boosts FY21 Outlook - Quick Facts

(RTTNews) - While reporting financial results for the second quarter on Wednesday, Teledyne Technologies Inc. (TDY) raised its adjusted earnings guidance for fiscal 2021 to a range of $15.25 to $15.50 per share from the prior forecast range of $12.00 to $12.20 per share.

The company also raised earnings outlook for the year to a range of $8.05 to $8.45 per share.

Based on its current outlook, the company also projected third quarter earnings in the range of $2.00 to $2.15 per share and adjusted earnings in the range of $3.55 to $3.65 per share.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $3.40 per share for the third quarter and $13.15 per share for the year. Analysts' estimates typically exclude special items.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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