Teradyne (TER) reported Q1 non-GAAP earnings late Monday of $0.75 per diluted share, up from $0.51 a year earlier.

Four analysts polled by FactSet expected $0.67.

Net revenue for the quarter ended March 30 was $685.7 million, compared with $599.8 million a year earlier.

Analysts surveyed by FactSet expected $680.5 million.

For Q2, the company expects non-GAAP EPS of $0.41 to $0.64 on revenue of $610 million to $680 million. Analysts expect revenue of $643.5 million.

Shares of the company were up 2.7% in recent trading.