Solid Margins Despite Order Pullback - Analyst Blog

Written by Ken Nagy, CFA

On November 3rd 2010 INTT announced results for the third quarter of fiscal year 2010 ending September 2010. Revenue for the period was $11.3 million down 26.1% sequentially from $15.3 million and up 88.3% year over year.

Despite the sequential pullback in orders and bookings (consistent with trends seen in the broader semiconductor equipment sector) the firm was able to maintain a 48% gross margin in the third quarter of 2010 (the same as the second quarter), despite the lower revenues. INTT benefited from a more favorable product mix and continued to manage product material costs as well as operating expenses quite well.



INTEST CORP (INTT
): Free Stock Analysis Report


Zacks Investment Research
Market News and Data brought to you by Benzinga APIs

To add Benzinga News as your preferred source on Google, click here.