Reading time ( words)
Boston — Teradyne Inc. reported sales of $331.5 million for the second quarter of 2003, and a net loss on a GAAP (Generally Accepted Accounting Principles) basis of $52.5 million, or 28 cents per share.
The pro forma net loss for the second quarter of 2003 was $35.4 million, or 19 cents per share before asset impairments, workforce reductions, facility closures and the impact of accelerated depreciation. Net orders increased 5 percent from the previous quarter, to $305 million.
Teradyne is the world's largest supplier of automatic test equipment, and a leading supplier of interconnection systems. For more information, visit www.teradyne.com.