inTEST Delays Q4 2023 Earnings Release, Says it Requires Additional Time To Complete Year-end Audit And Review Process; Preliminary Q4 Revenue $28.4M, Est $29.152M
Portfolio Pulse from Benzinga Newsdesk
inTEST Corporation has announced a delay in the release of its Q4 2023 earnings, citing the need for additional time to complete its year-end audit and review process. The company also provided a preliminary Q4 revenue figure of $28.4 million, which falls short of the estimated $29.152 million.
February 29, 2024 | 10:17 pm
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inTEST Corporation has delayed its Q4 2023 earnings release, needing more time for audit and review. Preliminary Q4 revenue is $28.4M, below the expected $29.152M.
The delay in earnings release and the preliminary revenue falling short of estimates are likely to negatively impact investor sentiment towards inTEST Corporation in the short term. Delays in financial reporting can raise concerns about a company's internal processes and financial health, while missing revenue estimates may lead to reduced investor confidence in the company's growth prospects.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100