inTEST Corp : Rises after strong Q4 results, forecast

inTest

05/03/2021 12:22

** Shares of inTEST Corp  INTT.A  up 3% at $9.20 in
premarket trading - on track for a third straight session of 
gains
    ** INTT forecasts Q1 net revenue in the range of $18.5 mln
to $19.5 mln, above estimates of 14 mln, according to Refinitiv
data
    ** Posts 9% y-o-y rise in Q4 net revenue to $14.9 mln,
beating estimates of $14.3 mln
    ** Says, it saw a 22% increase sequentially and 58% y-o-y
rise in its Q4 bookings
    ** We expect to approach record bookings levels for the
first quarter of 2021 - Company
    ** Up to Thursday's close, stock had risen ~92% in last 12
months    

    

 (Reporting by Tiyashi Datta in Bengaluru)
 ((tiyashi.datta@thomsonreuters.com))