CTS Corp (CTS) announced earnings for fourth quarter that decreased from the same period last year and missed the Street estimates.
The company's earnings came in at $13.61 million, or $0.45 per share. This compares with $15.32 million, or $0.49 per share, last year.
Excluding items, CTS Corp reported adjusted earnings of $16.3 million or $0.53 per share for the period.
Analysts on average had expected the company to earn $0.54 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 2.2% to $127.44 million from $124.69 million last year.
CTS Corp earnings at a glance (GAAP) :
-Earnings: $13.61 Mln. vs. $15.32 Mln. last year.-EPS: $0.45 vs. $0.49 last year.-Revenue: $127.44 Mln vs. $124.69 Mln last year.
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