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March 21, 1997updated 05 Sep 2016 12:06pm

TEKTRONIX REPORTS SOLID Q3, AS EXPECTED

By CBR Staff Writer

Tektronix Inc’s third-quarter results, announced Thursday, were as healthy as expected. Net earnings increased 28.6% to $28.8m on revenue up 10.5% at $478.9m. Earnings per share for the quarter increased 29.9% to $0.87, which was one penny better than analysts’ expectations. The company’s Measurement Business Division accounted for the most cash, with revenue of $210m, and the Color Printing and Imaging Division saw a revenue increase of 28% to $167.2m. For the year-to-date, earnings are up 9.1% at $77.9m, on revenue that has increased 9.2% to $1.4bn. Earnings per share for the first three quarters are up 10.4% at $2.37. The company also announced Thursday that it will pay a quarterly dividend of $0.15 to shareholders of record on April 11, payable April 28.

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