RTTNews | Mar 5, 2021 07:30AM EST

07:29 Friday, March 5, 2021 (RTTNews.com) - Shares of inTEST Corporation (INTT) are rising more than 4% in the pre-market trade on Friday after the company reported better-than-expected fourth-quarter results today. inTEST also provided first-quarter outlook, better than the Street view.

Looking forward to the first quarter, inTEST expects revenues to be in the range of $18.5 million to $19.5 million and adjusted earnings to range from $0.21 per share to $0.25 per share. Analysts surveyed by Thomson Reuters expect the company to report earnings of $0.02 per share on revenue of$14.03 million for the quarter. Analysts' estimates typically exclude special items.

Excluding items, adjusted earnings were $0.01 loss per share in the fourth quarter, that beat the average estimate of analysts at $0.03 loss per share.

The company reported net loss of $380000 or $0.04 per share in the quarter compared with earnings of $724000 or $0.07 per share in the comparable quarter last year.

Revenue for the quarter increased to $14.88 million from $13.61 million last year.

INTT had closed Thursday's regular trading at $8.93, up 1.71%.

Read the original article on RTTNews ( https://www.rttnews.com/3175255/stock-alert-intest-up-4-in-pre-market-following-quarterly-results-outlook-above-estimates.aspx)

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