said its fourth-quarter operating loss was in line with estimates, but predicted its first-quarter results would fall short.
The company posted a fourth-quarter loss of $112.6 million, or 63 cents a share, compared with net income of $132 million, or 74 cents a share, in the year-ago quarter. Excluding charges, the company lost $75.6 million, or 42 cents a share, in line with analyst expectations of a 42-cent loss, according to Thomson Financial/First Call.
Revenue for the quarter dropped to $220.2 million from $821.7 million a year ago.
The semiconductor testing equipment maker said it expects to see a loss of 40 cents to 50 cents a share in the current quarter on revenue of $200 million to $250 million. Analysts had been predicting a loss of 37 cents a share.
Shares of Teradyne closed up 29 cents to $33.50 Tuesday on the
New York Stock Exchange
before the earnings announcement.