Teradyne (TER) Hits All-Time High as Major Customer Reports Stellar Earnings

Teradyne Inc. (NASDAQ:TER) is one of the 9 Stocks Winning by Double Digits.

Teradyne soared to a fresh all-time high on Thursday, as investors placed bets in its stock after one of its largest customers reported a stellar earnings performance in the third quarter of its fiscal year.

In intra-day trading, Teradyne Inc. (NASDAQ:TER) surged to its highest price of $472.37 before trimming gains to end the session just up by 10.47 percent at $471.96 apiece.

Earlier in the week, its major customer, Micron Technology, announced a whopping 1,400 percent jump in its net income in the third quarter of the fiscal year ending May 28, at $28.2 billion versus $1.88 billion in the same period a year earlier.

Revenues also surged by 346 percent to $41.456 billion from $9.3 billion year-on-year.

Similarly buoying sentiment was Micron's continued upbeat outlook for the fourth quarter ending August 2026, with revenues expected at $50 billion, plus or minus $1 billion.

Investors were expecting that Micron's strong earnings performance and upbeat outlook would spill over to Teradyne Inc. (NASDAQ:TER) in the second and third quarters of the year.

Based on its historical earnings performance, Tera

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/teradyne-ter-hits-time-high-030519625.html)