Latest news with #targetdetection
Yahoo
23-07-2025
- Business
- Yahoo
Teledyne Technologies raises 2025 profit outlook on strong defense demand
(Reuters) -Teledyne Technologies raised the lower end of its annual profit forecast after topping Wall Street expectations for second-quarter results on Wednesday, driven by strong demand for its military drones and target detection sensors. Shares of the company rose 4.3% in premarket trading. Defense firms have benefited from sustained demand as a result of simmering geopolitical tensions, including the protracted Russia-Ukraine war and tensions in the Middle East. It now expects adjusted profit per share for 2025 between $21.20 and $21.50, compared with its previous forecast of $21.10 and $21.50. The company, however, struck a cautious tone for its third-quarter outlook. "We are exercising some caution regarding the third quarter, as our second quarter likely benefited from a degree of accelerated demand given uncertain global trade policies," said Executive Chairman Robert Mehrabian. Teledyne's revenue for the quarter rose 10.2% to $1.51 billion, above expectations of $1.48 billion, according to data compiled by LSEG. Its adjusted profit per share was $5.20, also beating estimates of $5.05.
Yahoo
23-07-2025
- Business
- Yahoo
Teledyne Technologies raises 2025 profit outlook on strong defense demand
(Reuters) -Teledyne Technologies raised the lower end of its annual profit forecast after topping Wall Street expectations for second-quarter results on Wednesday, driven by strong demand for its military drones and target detection sensors. Shares of the company rose 4.3% in premarket trading. Defense firms have benefited from sustained demand as a result of simmering geopolitical tensions, including the protracted Russia-Ukraine war and tensions in the Middle East. It now expects adjusted profit per share for 2025 between $21.20 and $21.50, compared with its previous forecast of $21.10 and $21.50. The company, however, struck a cautious tone for its third-quarter outlook. "We are exercising some caution regarding the third quarter, as our second quarter likely benefited from a degree of accelerated demand given uncertain global trade policies," said Executive Chairman Robert Mehrabian. Teledyne's revenue for the quarter rose 10.2% to $1.51 billion, above expectations of $1.48 billion, according to data compiled by LSEG. Its adjusted profit per share was $5.20, also beating estimates of $5.05.
