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Teledyne (TDY) International Revenue Performance Explored
Teledyne TechnologiesTeledyne Technologies(US:TDY) ZACKSยท2024-07-30 14:16

Core Insights - The company is increasingly relying on international markets for revenue, which serves as a hedge against domestic economic downturns and allows engagement with faster-growing economies [1][3][7] Revenue Breakdown - Total revenue for the last fiscal quarter was $1.37 billion, a decline of 3.6% year over year [4] - Revenue from "All other countries" was $120 million, accounting for 8.7% of total revenue, exceeding analyst expectations by 6% [2] - Asia contributed $218.8 million, or 15.9% of total revenue, which was a surprise decline of 4.85% compared to expectations [5] - Europe generated $317.7 million, representing 23.1% of total revenue, also falling short of analyst projections by 5.55% [14] Future Projections - For the full year, total revenue is projected to reach $5.64 billion, a slight increase of 0.1% from the previous year [6] - Expected revenue contributions from various regions include: All other countries at 8.1% ($459.08 million), Asia at 16.3% ($919.38 million), and Europe at 24.3% ($1.37 billion) [6] Stock Performance - Over the past month, the company's stock increased by 10.5%, outperforming the S&P 500's 0.1% increase [10] - In the last three months, the stock price rose by 8.4%, compared to a 7.2% increase in the S&P 500 index [10] Analyst Insights - Analysts emphasize the importance of monitoring international revenue trends to assess the company's financial strength and growth potential [11][12] - The company currently holds a Zacks Rank 3 (Hold), indicating that its near-term performance may align with overall market movements [18]