Teradyne is an American developer and manufacturer of automatic testing equipment, today it released a higher 4Q Profit exceeding analysts’ estimates. Following the announcement, the stock market of Teradyne experienced a slump of 15% to $120.50 in the pre-market. However, Teradyne (TER) reported $1.37 per share in quarterly profits, topping the Zacks Consensus Estimate of $1.29 per share. In quarterly reports, TER announced its plans to repurchase at least $750 million of common stock in 2022.
In the Fourth-quarter of 2021, the company’s revenue totaled 885 billion dollars resulting in a 17% profit, while for the whole year, it increased 19%. Non-GAAP came out of $1.37 and the GAAP $1.29, which considerably increased by 29% and 30% from last year. I also want to note that the revenue of which, amounted to $ 885 million; $ 592 million was for testing semiconductors, and $ 127 million for testing systems, etc. Additionally, the company expects strong substantial growth in Industrial Automation in 2022. Today, on January 27, at 8:30 a.m. E.T, management will have a conference call to discuss the fourth-quarter results and the company’s outlook.