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CTS Corp Q2 adjusted earnings Beat Estimates

CTS Corp (CTS) reported earnings for second quarter that fell from the same period last year.

The company's earnings totaled $7.21 million, or $0.21 per share. This compares with $9.97 million, or $0.30 per share, in last year's second quarter.

Analysts had expected the company to earn $0.35 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 11.7% to $118.02 million from $105.69 million last year.

CTS Corp earnings at a glance:

-EPS (Q2): $0.39 vs. $0.28 last year.
-Analysts Estimate: $0.35
-Revenue (Q2): $118.02 Mln vs. $105.69 Mln last year.

-Guidance:
Full year EPS guidance: $1.40 to $1.55
Full year revenue guidance: $450 to $465 million

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