Teradyne $TER crushed expectations with another double beat this quarter.
They reported revenues of $699 million and EPS of $0.75, comfortably above Wall Street estimates.
But instead of celebrating, investors hit the sell button.
The stock dropped over 5% intraday, continuing a painful trend: Teradyne has been punished after 8 of its last 9 earnings reports.
That’s not a fluke... It’s a pattern.
Despite consistent performance, the market keeps fading the stock.
Whether it’s concerns over cyclicality in the semiconductor space, cautious guidance, or a lack of enthusiasm for old-school chip equipment names, the stock can’t catch a break.
This kind of reaction reminds us: earnings aren’t just about the numbers.
They’re about the market's reaction, and nobody is buying Teradyne for its earnings reports.
They haven't for years!
So what else did we learn from yesterday's earnings reactions? Let’s dive into the details.
Here are the latest earnings reports from the S&P 500 👇
*Click the image to enlarge it
SBA Communications $SBAC had the best reaction score after reporting mixed results.
The company reported revenues of $660M, which met Wall Street's estimate, and earnings per share of $1.77, versus the $2.14 estimate.
Brown & Brown $BRO had the worst reaction score after reporting a double miss.
The company reported revenues of $1.40B, versus the $1.41B estimate, and earnings per share of $1.29, which met Wall Street's estimate.
Now let's dive into the data and talk about what happened with these reports 👇
SPGI had its 2nd consecutive positive earnings reaction:
S&P Global rallied 2.6% after this earnings report, and here's why:
Operating margin improved by 210 basis points year-over-year.
The company reaffirmed its 2025 guidance.
The indices segment is growing the fastest - revenues increased by 15% Y/Y.
The company has strong fundamentals, and the market loves it...
The price recently dipped below the prior cycle's peak, but the bulls look poised to scoop-n-score soon.
If SPGI is above 480, the path of least resistance is higher for the foreseeable future.
TER has been punished for 8 of its last 9 reports:
Teradyne fell over 2% after this earnings report, and here's why:
Despite beating estimates this quarter, the company lowered its forward guidance.
Revenues for the Robotics segment fell by 21% year-over-year.
In addition, the management team expects revenues for all of their other segments to decline this year.
This company is in trouble, and the bears can smell the blood...
The price has carved out a textbook multi-year distribution pattern, which looks poised to resolve soon.
If TER is below 68, the path of least resistance will shift from sideways to lower for the foreseeable future.
Thank you for reading.
- The Beat Report Team
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