inTest Q4 2023 Adj EPS $0.16 Beats $0.14 Estimate, Sales $27.884M Miss $29.152M Estimate
Portfolio Pulse from Benzinga Newsdesk
inTest (AMEX:INTT) reported Q4 2023 earnings of $0.16 per share, surpassing the $0.14 estimate. However, their sales of $27.884M fell short of the $29.152M estimate, marking a 13.95% decrease from the previous year.
March 27, 2024 | 9:47 pm
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inTest reported higher-than-expected Q4 2023 earnings but missed sales estimates, with a significant year-over-year decrease.
The mixed results from inTest, with earnings exceeding expectations but sales missing estimates and showing a notable decline from the previous year, could lead to a neutral short-term impact on the stock. Investors might react positively to the earnings beat but could be concerned about the sales miss and year-over-year decrease, balancing the potential stock movement.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100