CORRECTION:
Earnings due out tonight the 27th AH.
My week has been off all week - please excuse inaccurate update yesterday.
Here's to a blow out number. TER's orders were up 56 % per last nights report and beat with better guidance.
Semi equipment business is good and getting better:
| | From Briefing.com: 5:05 pm Teradyne beats by $0.06, beats on revs; guides Q2 EPS and rev above consensus ( TER) : Reports Q1 (Mar) adj. earnings of $0.44 per share, $0.06 better than the Capital IQ Consensus of $0.38; revenues rose 6.0% year/year to $457 mln vs the $440.96 mln Capital IQ Consensus. Orders in the first quarter of 2017 were $595 million of which $476 million were in Semiconductor Test, $46 million in System Test, $45 million in Industrial Automation, and $27 million in Wireless Test.
Co issues upside guidance for Q2, sees adj. EPS of $0.81-0.90 vs. $0.60 Capital IQ Consensus Estimate; sees Q2 revs of $660-700 mln vs. $555.19 mln Capital IQ Consensus Estimate.
"Semiconductor Test year over year quarterly orders were up 56% on broad strength in mobile, automotive, industrial analog, and Flash memory end market demand. Universal Robots' (:UR) year over year quarterly sales were up 117% powered by an expanding range of customers embracing the power of UR's collaborative robots to reduce production costs and improve product quality. "With our large backlog and strong first quarter orders, our Q2 revenue is expected to increase 28% year on year at the mid-point of our Q2 guidance. While we expect the familiar seasonality in the second half, we're on track for another year of revenue and operating profit growth."
Imagine what earnings could be with semi equipment being strong and life sciences surprising to the upside = Hello 30's?
Bob
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