[May 07, 2013] Teradyne reports lower Q1 net income, provides guidance for Q2 Tweet May 07, 2013 (Datamonitor via COMTEX) -- Teradyne, Inc., a developer and supplier of automatic test equipment, has reported that net income for the first quarter ended March 31, 2013 was $6.59 million, or $0.03 per diluted share, compared to $33.56 million, or $0.15 per diluted share, for the same quarter ended April 1, 2012. The company expects revenue for the second quarter of 2013 to be in the range of $380 million to $420 million. Net revenues for the first quarter ended March 31, 2013 were $280.37 million, compared to $396.67 million for the same quarter ended April 1, 2012. Income from operations for the first quarter ended March 31, 2013 was $4.41 million, compared to $46.41 million for the same quarter ended April 1, 2012. Gross profit for the first quarter ended March 31, 2013 was $153.42 million, compared to $190.93 million for the same quarter ended April 1, 2012. The company expects non-GAAP net income per diluted share to be in the range of $0.26 to $0.36 and GAAP net income per diluted share to be in the range of $0.12 to $0.20 for the second quarter of 2013. Mike Bradley, CEO, said: "Design wins in LTE cellular test and 3.5" Hard Disk Drive test along with broader demand for semiconductor test systems drove nearly a 50% uptick in company orders in the first quarter. As expected, the test equipment market is on a steady recovery path driven by wireless and applications processor, power management, and microcontroller demand. With the substantial growth in orders, we've raised our second quarter revenue plan to meet the expanding capacity needs of our customers." http://www.datamonitor.com Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon [ Back To TMCnet.com's Homepage ]