Why Teradyne (TER) Stock Is Up Today

Teradyne's shares surged nearly 20% on October 29th after beating Wall Street's expectations with strong third-quarter results and a bullish outlook for the fourth quarter. The company projected revenue of $960 million and earnings of $1.33 per share, both significantly higher than analysts' forecasts. This optimistic forecast, along with Teradyne's growing role in AI, has driven the stock up over 36% this year, making it a notable winner in the tech space.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.