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Article: Teradyne Announces Second Quarter Results.
- Article from:
- Business Wire
- Article date:
- July 17, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business/Technology Editors
BOSTON--(BUSINESS WIRE)--July 17, 2001
Teradyne, Inc. (NYSE: TER) reported sales of $365.8 million and a net loss, before special items, of $20.5 million ($0.12 per share) for the Second Quarter of 2001. Net orders for the Second Quarter of 2001 totaled $210.2 million.
George Chamillard, Teradyne's chairman and chief executive officer, commented "At the time of our April earnings release, we were hopeful that our business would stabilize and that the levels of orders, cancellations and rescheduling of backlog would turn for the better. However, as the quarter progressed, the environment continued to deteriorate.
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