Teradyne narrows loss, orders up 45% in Q4
Silicon Strategies
01/14/2004, 8:10 PM ET
BOSTON--Teradyne Inc. reported sales of $357.6 million and a net loss of $11.5 million, or $0.06 per share, for the fourth quarter of 2004.
In comparison, the supplier of automatic test equipment reported sales of $333.6 million and a net loss of $423.8 million, or $2.31 per share, for the fourth quarter of 2003.
Net orders for the quarter increased 45% from the previous quarter, to $488.2 million. "We ended 2003 with very strong order growth," said George Chamillard, Teradyne's chairman and CEO, in a statment.
"With this momentum, coupled with our cost reduction efforts, we expect to deliver solid profit growth in the first quarter of 2004. We are projecting sales to be between $400 and $430 million, with earnings between 10 and 18 cents per share on a GAAP basis. Demand for our products is very strong, particularly in semiconductor test, and we are aggressively ramping to support our customers," he said. |
