inTest Q1 2024 Adj EPS $0.10 Beats $0.09 Estimate, Sales $29.824M Beat $29.050M Estimate
Portfolio Pulse from Benzinga Newsdesk
inTest (AMEX:INTT) reported Q1 2024 earnings of $0.10 per share, surpassing the $0.09 estimate, with sales of $29.824M also beating the $29.050M estimate. However, this represents a 65.52% decrease in earnings and a 6.56% decrease in sales from the same period last year.
May 06, 2024 | 8:22 pm
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inTest reported higher-than-expected Q1 2024 earnings and sales, but with significant decreases from the previous year.
While inTest exceeded analyst expectations for Q1 2024, the significant year-over-year decline in both earnings and sales may temper investor enthusiasm. The positive earnings surprise could provide short-term stock support, but the underlying decreases highlight potential challenges.
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