inTEST Corp (INTT) Tops Q3 EPS by 2c, provides guidance

inTEST Corp (NYSE: INTT) reported Q3 EPS of $0.28, $0.02 better than the analyst estimate of $0.26. Revenue for the quarter came in at $32.66 million versus the consensus estimate of $32.65 million.

GUIDANCE:

inTEST Corp sees Q4 2023 revenue of $28-30 million, versus the consensus of $32.65 million.

Fourth quarter 2023 operating expenses, including amortization, are expected to be approximately $11.7 million. Intangible asset amortization is expected to be approximately $515,000 pre-tax, which is approximately $430,000 after tax, or $0.04 per share. Net interest income for the fourth quarter is expected to be similar to the third quarter. The effective tax rate is expected to be approximately 16% for the fourth quarter. Weighted average shares are expected to be about 12.2 million in the fourth quarter.

For earnings history and earnings-related data on inTEST Corp (INTT) click here.

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