Teradyne Inc. TER shares rallied in the extended session Wednesday after the electronic testing equipment maker’s results and outlook sailed past Wall Street estimates. Teradyne shares rallied 7% after hours, following a 1.1% decline in the regular session to close at $93.33. The company reported first-quarter net income of $83.5 million, or 50 cents a share, compared with $161.9 million, or 92 cents a share, in the year-ago period.
9 million, or 92 cents a share, in the year-ago period. Adjusted earnings were 55 cents a share, compared with 98 cents a share in the year-ago quarter. Revenue fell to $617.5 million from $755.4 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of 43 cents on revenue of $597.5 million.
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