By Rob Curran
Teledyne Technologies' third-quarter net income slipped on higher costs, but the company raised its 2025 earnings projections amid rising demand for its imaging technology and drones.
The Thousand Oaks, Calif., maker of infrared cameras, drones and other high-tech industrial and aerospace equipment posted earnings of $220.7 million, or $4.65 a share, down from $262 million, or $5.54 a share, a year earlier.
Stripping out certain one-off items, adjusted earnings were $5.57 a share, topping the mean analyst estimate of $5.47 a share.
Revenue rose 6.7% to $1.54 billion, edging over the mean analyst estimate of $1.53 billion, according to FactSet. Aerospace and defense electronics sales, which includes military drones, surged 38% to $275.5 million.
For the fourth quarter, Teledyne forecast earnings of $4.76 to $4.98 a share, and adjusted earnings of $5.73 to $5.88 a share
For 2025, Teledyne boosted its earnings projection to a range between $17.83 and $18.05 a share from a prior range between $17.59 and $17.97 a share.
The company also raised its forecast for adjusted earnings to a range between $21.45 and $21.60 a share from a previous target range of $21.20 to $21.50 a share.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
October 22, 2025 07:26 ET (11:26 GMT)
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