inTest Q2 Adj $0.08 Misses $0.14 Estimate, Sales $33.99M Miss $34.93M Estimate
Portfolio Pulse from Benzinga Newsdesk
inTest (AMEX:INTT) reported Q2 earnings of $0.08 per share, missing the analyst estimate of $0.14 by 42.86%. Sales were $33.99M, missing the $34.93M estimate by 2.69%. Earnings decreased by 71.43% YoY, while sales increased by 4.40% YoY.
August 02, 2024 | 10:33 am
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NEGATIVE IMPACT
inTest (AMEX:INTT) reported Q2 earnings of $0.08 per share, missing the analyst estimate of $0.14 by 42.86%. Sales were $33.99M, missing the $34.93M estimate by 2.69%. Earnings decreased by 71.43% YoY, while sales increased by 4.40% YoY.
The significant miss on both earnings per share and sales compared to analyst estimates is likely to negatively impact the stock price in the short term. The large YoY decrease in earnings further adds to the negative sentiment, despite a modest increase in sales.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100