InTest shares are trading lower after the company reported worse-than-expected Q2 financial results and cut its FY24 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
InTest shares are trading lower after the company reported worse-than-expected Q2 financial results and cut its FY24 revenue guidance below estimates.
August 02, 2024 | 4:02 pm
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NEGATIVE IMPACT
InTest shares are trading lower due to disappointing Q2 financial results and a reduction in FY24 revenue guidance.
The company's worse-than-expected Q2 financial results and the reduction in FY24 revenue guidance are likely to negatively impact investor sentiment and lead to a short-term decline in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100