CORRECTION: inTEST Expects Q4 Revenue Of $34M - $37M (Est $33.68M), Tightens FY24 Outlook From $128M - $133M To $128M - $131M (Est $130.472M)
Portfolio Pulse from Benzinga Newsdesk
inTEST Corporation has updated its financial guidance for Q4 and FY24. The company expects Q4 revenue between $34M and $37M, slightly above estimates, and has tightened its FY24 revenue outlook to $128M-$131M. The effective tax rate is expected to be 17%-19%, with Q4 EPS at $0.08 and adjusted EPS at $0.14.
November 01, 2024 | 12:47 pm
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inTEST Corporation has provided updated financial guidance for Q4 and FY24. The company expects Q4 revenue to be between $34M and $37M, slightly above the previous estimate of $33.68M. The FY24 revenue outlook has been tightened to $128M-$131M, compared to the previous range of $128M-$133M. The effective tax rate is expected to be 17%-19%, with Q4 EPS at $0.08 and adjusted EPS at $0.14.
The updated guidance indicates a positive outlook for Q4 revenue, slightly above previous estimates, which could lead to a short-term positive impact on the stock price. The tightening of the FY24 revenue range suggests a more conservative but stable outlook, which may reassure investors. The expected EPS and adjusted EPS for Q4 are also provided, giving investors a clearer picture of the company's financial health.
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