Teradyne shares slide despite Q4 beats, inline outlook

Jan. 28, 2021 10:33 AM ETTeradyne, Inc. (TER)TERBy: Brandy Betz, SA News Editor3 Comments

Teradyne (NASDAQ:TER) shares are down 6.6% after yesterday's Q4 report, which topped estimates on the top and bottom line with $759M in revenue (+16% Y/Y) and $1.10 EPS.
Q4 revenue included $524M was in Semiconductor Test, $104M in System Test, $40M in Wireless Test, and $92M in Industrial Automation.
Share repurchase: The board approves a $2B share repurchase program. The company expects to purchase a minimum of $600M shares this year.
For Q1, Teradyne expects $720-780M in revenue (consensus: $745.6M) and EPS of $0.95-1.11 (consensus: $1.06).
“After an exceptionally strong Q4, we enter 2021 expecting record Q1 level sales and profits driven by continued strong test demand, including a notable recovery in automotive related semiconductor test shipments," says CEO Mark Jagiela.
Press release.
Teradyne also declared a $0.10 dividend.