InTest Expects Q3 Revenue To Be Slightly Lower Than Q2 While Gross Margin Is Expected To Improve Somewhat Based On Better Mix
Portfolio Pulse from Benzinga Newsdesk
InTest Corporation (INTT) expects its Q3 revenue to be slightly lower than Q2, but anticipates an improvement in gross margin due to a better product mix.

August 02, 2024 | 10:36 am
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InTest Corporation (INTT) expects Q3 revenue to be slightly lower than Q2, but anticipates an improvement in gross margin due to a better product mix.
The news indicates a mixed outlook for InTest Corporation. While the revenue is expected to decline slightly, the improvement in gross margin due to a better product mix could offset some of the negative sentiment. This results in a neutral short-term impact on the stock price.
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