MTS Systems Corp. (MTSC) Monday reported second-quarter net income of $11.1 million, compared to $11.2 million in the prior year quarter. Earnings per share for the latest second quarter was $0.69, same as last year.
On average, two analysts polled by Thomson Reuters expected the company to earn $0.86 per share for the quarter. Analysts' estimates typically exclude special items.
Meanwhile, revenue for the quarter rose to $136.92 million from $129.02 million in the year-ago period.
For the full fiscal year, revenue is expected to grow 4 to 6 percent or $560 to $575 million, compared to the previous growth range of 5 to 10 percent, and earnings per share are expected to be $3.30 to $3.70, down from the previous outlook of 5 to 10 percent growth.
Analysts currently expect fiscal year earnings of $4.06 per share.
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