CTS Corp (CTS) released earnings for its first quarter that increased from the same period last year but missed the Street estimates.
The company's earnings totaled $13.37 million, or $0.44 per share. This compares with $11.12 million, or $0.36 per share, last year.
Excluding items, CTS Corp reported adjusted earnings of $13.2 million or $0.44 per share for the period.
Analysts on average had expected the company to earn $0.49 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 0.0% to $125.77 million from $125.75 million last year.
CTS Corp earnings at a glance (GAAP) :
-Earnings: $13.37 Mln. vs. $11.12 Mln. last year.
-EPS: $0.44 vs. $0.36 last year.
-Revenue: $125.77 Mln vs. $125.75 Mln last year.
-Guidance:
Full year EPS guidance: $2.20 - $2.35
Full year revenue guidance: $520 - $550 Mln
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