July 15, 2024
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Teledyne shares fall despite solid earnings beat


Thousand Oaks-based Teledyne saw shares fall nearly 7% on July 26 following the company’s second-quarter earnings report despite the fact the defense conglomerate delivered both a revenue and earnings beat. Adjusted earnings per share reached $4.67 in the second quarter, beating Zacks Consensus Estimate by 0.9% and beating last year’s bottom line by 5.4%. Accounting…


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