Shares of Teradyne (TER) soared about 18% in premarket trading on Wednesday following the release of its third-quarter results and an upbeat fourth-quarter outlook that exceeded expectations.
The automated test systems and robotics products maker reported a 4% year-over-year increase in third-quarter revenue, reaching $769.21 million.
However, Non-GAAP EPS declined about 5.5% year-over-year to $0.85. Despite the dip in earnings per share, both the company’s revenue performance and forward guidance impressed investors, driving the strong premarket gains.
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