Why Teradyne Stock Is Gaining Today
Teradyne just served up a stellar quarterly report.
Overview
Teradyne (NASDAQ: TER) stock is in the green today despite sell-offs for the broader market. The company's share price was up 3.3% as of 1 p.m. ET despite a 0.9% decline for both the S&P 500 and the Nasdaq Composite.
Teradyne published its second-quarter results after the market closed yesterday, postings sales and earnings that beat the market's expectations and issuing encouraging forward guidance. The stock had been up as much as 16.1% earlier in the day's trading, but it's given up most of its post-earnings gains as investors moved to take profits and bearish momentum for the broader market intensified.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.