Wednesday, 22.10.2025 15:37
Source: reuters.com
@Tenbagger2024 Is this the desired dip?
Government shutdown won't last forever? 🧐
Oct 22 - ** Shares of target acquisition sensor maker Teledyne fall nearly 4.6% in premarket trading to about $547.7 ** The company warns (link) that the U.S. government shutdown may impact new contracts in the near term ** "Given the current U.S. government shutdown, we are somewhat cautious in our expectations for new orders and shipments in the near term," said Executive Chairman Robert Mehrabian ** TDY raises its full-year adj. earnings per share for the full year to $21.45 to $21.60, from $21.20 to $21.50 previously ** The company is generating 3rd quarter adj. Q3 EPS of $5.57, above estimates of $5.48 per share ** Eleven of 13 brokerages rate the stock a "buy" or higher and two rate it a "hold"; median price target is $614, according to data compiled by LSEG **Including session moves, shares are up18.4 percent year to date
