By Nate Wolf
Shares of Teledyne Technologies rose Wednesday after the maker of electronic instruments reported better-than-expected quarterly earnings.
The company, which makes devices for digital imaging, satellites, and aerospace and defense systems, reported adjusted earnings of $6.30 a share for the fourth quarter. Analysts had expected $5.83 a share, according to FactSet. Net sales totaled $1.6 billion, up 7.3% from the prior year and ahead of Wall Street's call for $1.57 billion.
Teledyne stock rose 3.4%, putting it among the top five premarket gainers in the S&P 500.
It was a milestone quarter for the company, which posted record highs for quarterly orders, sales, operating margin, and adjusted earnings. Wins in the defense and aerospace segment played a major role, with sales jumping 40.4% from the prior year.
"Throughout Teledyne, our defense businesses remained healthy, and our shorter cycle commercial businesses continued to recover with most product families increasing either sequentially or year-over-year," said Robert Mehrabian, the company's executive chairman.
Teledyne guided for adjusted per-share earnings of $23.45 to $23.85 in 2026. That range represents a jump from adjusted earnings of $21.99 a share in 2025.
Write to Nate Wolf at nate.wolf@barrons.com
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(END) Dow Jones Newswires
January 21, 2026 08:54 ET (13:54 GMT)
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