Teledyne lifts annual profit forecast, tops quarterly results estimates

July 22 : Teledyne Technologies on Wednesday raised its 2026 profit forecast as demand remained robust at its digital imaging, instrumentation as well as aerospace and defense segments.Shares of the sensing-systems maker, which also reported better-than-expected quarterly profit and revenue, rose nearly 3 per cent before the bell. • Teledyne, which continues to benefit from elevated demand for defense and surveillance equipment amid heightened geopolitical tensions, noted further boost to its top-line from recent acquisitions.• "Organic growth was greatest in our Digital Imaging segment, where infrared detectors and systems for space and airborne and marine unmanned systems, as well as counter unmanned applications, each increased considerably," CEO Robert Mehrabian said. • "We achieved gr