Imaging Revenues Down, Profits Up at Teledyne
THOUSAND OAKS, Calif., Oct. 24, 2014 — Teledyne Technologies Inc. reported record earnings in the third quarter of 2014 despite a decline in sales at its imaging businesses.
Net income was $55.6 million, up 18.8 percent from $46.8 million in the third quarter of 2013. Total sales were $601.1 million, up 5.2 percent from $571.6 million for the third quarter of 2013.
The parent company of Teledyne Dalsa said its digital imaging segment had third-quarter sales of $95.6 million, down 9.1 percent from $105.2 million in...