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Fly News Breaks for July 28, 2017
TER
Jul 28, 2017 | 07:09 EDT
DA Davidson analyst Thomas Diffely says that Teradyne reported "strong beat and raise" results. The analyst blames the decline in the stock on a quarter-over-quarter decline in orders of the company's Universal Robot in Q2. However, he says that this development is minor and he accepts the company's explanation that a planned price increase resulted in higher orders in Q1 and lower orders in Q2. The analyst recommends buying the stock on weakness.
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