inTEST Corp (INTT) Tops Q1 EPS by 2c

inTEST Corp (NYSE: INTT) reported Q1 EPS of $0.04, $0.02 better than the analyst estimate of $0.02. Revenue for the quarter came in at $10.2 million versus the consensus estimate of $9 million.

Robert E. Matthiessen, president and chief executive officer, commented, "Our operating results reinforce the soundness of our business model, which is centered on our core market in semiconductor ATE, complemented by an expanded product offering for non-traditional electronics markets that require thermal testing. Financial results for the first quarter of 2015 were solid, with business driven by strong demand and quote activity in the semiconductor and defense/aerospace industries. First quarter bookings of $11.4 million increased 27% sequentially and 12% year-over year. Gross margin of 48% exceeded company guidance, while net revenues of $10.2 million and diluted earnings per share of $0.04 were at the high end of our guidance range."

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