Teradyne (NASDAQ:TER) reported Q2 adjusted earnings of $0.79 per diluted share, down from $1.21 per share a year earlier.
Analysts polled by Capital IQ expected adjusted EPS of $0.66.
Revenue for the quarter ended July 2 was $684.4 million, compared with $840.8 million a year earlier. Analysts polled by Capital IQ expected $658.1 million.
The company said it expects Q3 adjusted EPS of $0.61 to $0.81. Analysts polled by Capital IQ expect $0.72. Revenue for the quarter is projected to be $650 million to $710 million. Analysts polled by Capital IQ expect $671.5 million.