inTEST Q2 2020 Earnings Report
Key Takeaways
inTEST Corporation reported Q2 2020 financial results, with net revenues of $13.3 million, an 18% sequential increase, and GAAP earnings per share of $0.02, a sequential increase of $0.13.
Net revenues increased 18% sequentially and were 10% above consensus estimates.
GAAP earnings per share increased by $0.13 sequentially.
Semiconductor related revenues increased 37% compared to the first quarter of 2020.
Non-GAAP adjusted net earnings per diluted share increased from a loss of $0.08 per share in Q1 2020 to earnings of $0.05 for Q2 2020.
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Forward Guidance
inTEST expects net revenues for Q3 2020 to be in the range of $13.5 million to $14.5 million. GAAP net earnings per diluted share are expected to range from $0.01 to $0.06, and non-GAAP adjusted net earnings per diluted share are expected to range from $0.04 to $0.09. Gross margin is expected to range from 46% to 48%.