Teradyne - a supplier of automatic test equipment have posted its eighth consecutive quarterly loss. It reported a net loss of $76.5 million compared to a loss of $77.1 million.

Teradyne Inc. reported sales of $334.6 million for the first quarter of 2003, compared to $248 million in the like period a year ago.

Net orders increased 23% from the previous quarter to $289 million. "Considering the environment in which we are operating, we are pleased to report that we met our guidance for the quarter and we continue to make progress on improving our financial performance," said George Chamillard, Teradyne's chairman and CEO, in a statement.

"Looking forward, the future of the economy, the timeframe for the winding down of the war and the start of the rebuilding process in Iraq, and the future impact of the SARS epidemic are all unknown,” he said.

By: Docmemory
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