BUZZ - Teradyne shares drop due to weak fourth-quarter earnings forecast

October 27 - ** Chip testing equipment manufacturer Teradyne (TER.O) saw its share price fall 5.3% to $306 in after-hours trading

** According to data compiled by London Stock Exchange Group (LSEG), Teradyne (TER) expects adjusted earnings per share for the fourth quarter to be between $1.95 and $2.25, lower than analysts' expectations of $2.06 per share

** The company reported adjusted earnings per share of $2.29 for the third quarter, above the market expectation of $2.08

** Third-quarter revenue was $1.31 billion, compared to Wall Street's expectation of $1.26 billion

** According to data compiled by LSEG, the median target price set by 18 brokerages covering TER is $420

** As of Monday's close, the stock had risen approximately 49% year to date

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