inTEST Expects Q4 Revenue Of $34M - $37M (Est $33.68M), Tightens FY24 Outlook From $140M - $150M To $128M - $131M (Est $130.472M)
Portfolio Pulse from Benzinga Newsdesk
inTEST Corporation has announced its Q4 revenue expectations to be between $34M and $37M, surpassing the estimated $33.68M. However, the company has tightened its FY24 revenue outlook from a range of $140M - $150M to $128M - $131M, aligning closely with the estimated $130.472M.
November 01, 2024 | 10:21 am
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NEUTRAL IMPACT
inTEST Corporation's Q4 revenue guidance exceeds expectations, but the FY24 outlook has been tightened, indicating potential challenges ahead.
The Q4 revenue guidance of $34M-$37M is above the estimated $33.68M, which is positive. However, the FY24 revenue outlook has been reduced from $140M-$150M to $128M-$131M, suggesting potential challenges or adjustments in the company's operations or market conditions. This mixed guidance results in a neutral short-term impact as the positive Q4 outlook is offset by the cautious FY24 forecast.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100