03:29 PM EDT, 07/30/2024 (MT Newswires) -- (Updates with stock price movement in the headline and first paragraph)

Transcat ( TRNS ) shares were down 14% in recent trading on Tuesday, a day after it posted adjusted earnings and revenue below consensus.

The company reported fiscal Q1 adjusted earnings late Monday of $0.68 per diluted share, up from $0.52 a year earlier.

Two analysts polled by Capital IQ expected $0.78.

Revenue for the fiscal quarter that ended June 29 was $66.7 million, up from $60.6 million a year earlier.

Four analysts surveyed by Capital IQ expected $69.3 million.

Price: 115.98, Change: -19.21, Percent Change: -14.21