NORTH READING, Mass. (AP) _ Teradyne Inc. (TER) on Tuesday reported first-quarter profit of $205.5 million.

On a per-share basis, the North Reading, Massachusetts-based company said it had profit of $1.09. Earnings, adjusted for one-time gains and costs, came to $1.11 per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share.

The maker of wireless products, data storage and equipment to test semiconductors posted revenue of $781.6 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $759.6 million.

For the current quarter ending in July, Teradyne expects its per-share earnings to range from $1.62 to $1.83. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.35.

The company said it expects revenue in the range of $1.01 billion to $1.09 billion for the fiscal second quarter. Analysts surveyed by Zacks had expected revenue of $897.8 million.

Teradyne shares have climbed slightly more than 9% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $131.10, more than doubling in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TER at https://www.zacks.com/ap/TER

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