Summary of Operating Results

2005*

2004*

Net Sales

$

1,075,232,000

$

1,410,222,000

Income/(Loss) from continuing operations:

Before Income Taxes

$

(80,137,000)

$

154,468,000

Net Income/(Loss)

$

(60,457,000)

$

132,619,000

Income/(Loss) from continuing operations:
Per Common Share — Basic

$

(0.31)

$

0.68
Per Common Share — Diluted

$

(0.31)

$

0.67
*In November 2005, Teradyne sold its Connection Systems Division (TCS). TCS is classified as a discontinued operatation, and its results are excluded from these numbers.