inTEST Prelim. Q4 Revenue ~$28.4M, EPS $0.14, Sees Q1 Revenue $28M-$30M, EPS $0.08-$0.13; Co. To Reschedule Q4 Earnings Release
Portfolio Pulse from Benzinga Newsdesk
inTEST Corporation announced preliminary Q4 revenue of approximately $28.4M with EPS of $0.14 and forecasts Q1 revenue to be between $28M-$30M with EPS ranging from $0.08-$0.13. Additionally, the company has decided to reschedule its Q4 earnings release.
February 29, 2024 | 10:17 pm
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inTEST Corporation announced preliminary Q4 results with revenue of ~$28.4M and EPS of $0.14, and provided Q1 guidance with revenue expected between $28M-$30M and EPS of $0.08-$0.13. The Q4 earnings release has been rescheduled.
The announcement of preliminary Q4 results and Q1 guidance by inTEST Corporation provides a mixed outlook. The slight decrease in EPS guidance for Q1 compared to Q4's EPS might concern some investors, potentially leading to short-term price volatility. However, the revenue guidance for Q1 shows stability, indicating a neutral short-term impact on the stock price. The rescheduling of the Q4 earnings release adds uncertainty, but its impact is likely to be overshadowed by the financial guidance provided.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100