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Article: Teradyne Reports Third Quarter Results.
- Article from:
- Business Wire
- Article date:
- October 14, 2003
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Business Editors
BOSTON--(BUSINESS WIRE)--Oct. 14, 2003
Teradyne, Inc. (NYSE: TER) reported sales of $329 million for the third quarter of 2003, and a net loss on a Generally Accepted Accounting Principles (GAAP) basis of $53.5 million, or $0.28 per share. The pro forma net loss for the third quarter of 2003 was $26.8 million, or $0.14 per share before special charges. Net orders increased 10% from the previous quarter, to $336 million.
"On balance, we are encouraged by our results in the quarter," said George Chamillard, Teradyne Chairman and CEO. "Our orders improved, and our new products are gaining momentum. The third quarter marked our ...