Teradyne Inc. today announced that it narrowed its loss on higher sequential sales for Q4.

The Boston-based company reported sales of $357.6 million for Q4 compared with Q3's $329.1 million.

The net loss for Q4 narrowed to $11.5 million  or 6 cents per share from Q3's $53.5 million.

Net orders for the quarter increased by 45 percent from the previous quarter to $488.2 million.

"We ended 2003 with very strong growth," said George Chamillard, chairman and CEO, in a statement. "With this momentum, coupled with our cost reduction efforts, we expect to deliver solid profit growth in the first quarter of 2004."

Chamillard said the company is projecting sales of between $400 and $430 million, with earnings of between 10 cents and 18 cents per share.

"Demand for our products is very strong, particularly in semiconductor test, and we are aggressively ramping to support our customers," he said.

Earlier this week, Teradyne announced a $67 million contract with the U.S. Air Force.

By: DocMemory
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