Profitability in a Row for inTEST (INTT); TransCanada (TRP) Secretary Tillerson Recuses from Keystone XL Pipeline Review
Shares of inTEST Corp. (NYSEMKT:INTT) climbed more than 20% to touch a new 52-week high in after-hours trading Thursday as the company delivered its seventh year in a row of profitability and strong quarterly profit growth in its financial results.
For the fourth quarter 2016, inTEST posted revenues of $10.3 million, a 30.38% increase year over year, and net income of $1.0 million, or $0.10 per diluted share, compared to net income of $33,000, or $0.00 per diluted share in the same quarter the prior year.
For the full year 2016, the company reported net earnings of $2.7 million, or $0.26 per diluted share versus net earnings of $1.9 million, or $0.18 per diluted share for 2015.
INTT stock finished the regular session in negative territory by 2.00% (or -$0.10) at $4.90 with a total volume of 44,420 shares traded.
inTEST, which designs, manufactures, and markets thermal, mechanical, and electrical products for use in the testing of integrated circuits, has 10.38M shares outstanding. At close on Thursday, the company had a market capitalization of $50.85M and INTT stock one-year range was between $3.43 and $5.30 per share.
A Greenpeace USA’s media officer said after the closing bell Thursday that the non-governmental environmental organization has received a response letter from the U.S. State Department indicating that Secretary Rex Tillerson will recuse himself from decisions related to TransCanada Corp.’s (NYSE:TRP) application for a Presidential Permit for the proposed Keystone XL pipeline.
TRP stock closed at $45.65, down $0.06 (or -0.13%) and 1.21M of its shares changed hands during the day.
TransCanada, an energy infrastructure company, has 863.76M shares outstanding, market capitalization (intraday) of $39.43B and TRP stock 52-week range is from $35.06 to $49.76 per share
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