InTest Cuts FY24 Revenue From $140M-$150M To $128M-$133M Vs $143.44M Est.
Portfolio Pulse from Benzinga Newsdesk
InTest Corporation has revised its FY24 revenue guidance downwards from $140M-$150M to $128M-$133M, compared to the previous estimate of $143.44M.
August 02, 2024 | 10:41 am
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InTest Corporation has lowered its FY24 revenue guidance to $128M-$133M from the previous range of $140M-$150M, which is below the $143.44M estimate.
The downward revision in revenue guidance indicates potential challenges in the company's operations or market conditions, which is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100