Transcat Inc: Jumps on Q4 revenue beat

Transcat

19/05/2021 15:14

** Shares of the laboratory instrument services provider
 TRNS.O  rise as much as 5.94% to $50.29
    ** Co posts Q4 revenue of $48.8 mln, beating Refinitiv IBES
estimates of $46.2 mln, driven by sales in its service segment
    ** Distribution is expected to achieve high double-digit
growth in Q1 -TRNS
    ** Co also adds that for Q1 of fiscal 2022, it expects
service organic growth to be similar to what it achieved in Q4 
    ** Co's Q4 service segment revenue grew 15.8% to $29.0 mln
from a year earlier 
    ** Up to last close, stock UP ~44% YTD

 (Reporting by Rithika Krishna in Bengaluru)
 ((Rithika.Krishna@thomsonreuters.com;))