BUZZ - Teledyne's stock rises due to better-than-expected third-quarter earnings and upward revision of full-year performance forecast

October 21 - ** After Teledyne Technologies (TDY.N) announced its third-quarter earnings report, its share price rose more than 2% to $646.40

** The target detection sensor manufacturer raised its adjusted earnings per share guidance for fiscal year 2026 from $24.45-$24.65 to $25.40-$25.50

** According to data from London Stock Exchange Group (LSEG), third-quarter adjusted earnings per share were $6.72, exceeding expectations of $6.17

** Third-quarter revenue was $1.68 billion, above the expected $1.65 billion

** Sales in the digital imaging business increased 15% year-on-year, reaching $903 million

** TDY expects fourth-quarter adjusted earnings per share to be $6.60–$6.70, while the market consensus is $6.54

** The total amount of financed outstanding orders is nearly $5.3 billion; since September, the company has repurchased $224.6 million in stock

** Of 13 brokerage firms, 8 give a “Buy” or higher rating, and 5 rate “Hold”; the median target price is $760—data compiled by LSEG

** Including the daily price change, the stock has risen about 26% year-to-date

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