Teradyne Up 9.4% After Hitting 52-Week High (TER)

Shares of North Reading, Massachusetts-based Teradyne, Inc. TER are trading up 9.4% at $16.00 per share during the Thursday afternoon trading session. The day's trading range for shares of Teradyne, Inc has been between $15.88 and a 52-week high of $16.69 per share. Analysts covering the company's stock give it a consensus price target of $16.04per share. Volume of 11.5 million shares is nearly double the daily average volume of 5.8 million shares. Teradyne, Inc. (TER) announced on after the market closed on Wednesday that it beat consensus Wall Street expectations. Teradyne, Inc announced 4th quarter adjusted earnings per share of 37 cents, on revenue of $322.17 million. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 25 cents per share, on revenue of $316.31 million. Teradyne, Inc is the leading supplier of Automatic Test Equipment used to test complex electronics used in the consumer electronics, automotive, computing, telecommunications, and aerospace and defense industries Read more from Benzinga's Company news.