Teledyne Technologies (NYSE: TDY) reported earnings on May 4. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended April 1 (Q1), Teledyne Technologies met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew and GAAP earnings per share expanded.

Gross margins improved, operating margins dropped, net margins increased.

Revenue details
Teledyne Technologies booked revenue of $494.0 million. The six analysts polled by S&P Capital IQ looked for sales of $492.2 million on the same basis. GAAP reported sales were 5.5% higher than the prior-year quarter's $468.1 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.96. The five earnings estimates compiled by S&P Capital IQ predicted $0.92 per share. GAAP EPS of $0.96 for Q1 were 12% higher than the prior-year quarter's $0.86 per share. (The prior-year quarter included -$0.01 per share in earnings from discontinued operations.)

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 33.6%, 50 basis points better than the prior-year quarter. Operating margin was 11.2%, 50 basis points worse than the prior-year quarter. Net margin was 7.2%, 40 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $506.6 million. On the bottom line, the average EPS estimate is $0.99.

Next year's average estimate for revenue is $2.02 billion. The average EPS estimate is $4.05.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 383 members out of 392 rating the stock outperform, and nine members rating it underperform. Among 79 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 78 give Teledyne Technologies a green thumbs-up, and one gives it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Teledyne Technologies is hold, with an average price target of $61.30.

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