CTS Corp. (CTS) Reports In-Line Q1 EPS

CTS Corp. (NYSE: CTS) reported Q adj.1 EPS of $0.26, in-line with the analyst estimate of $0.26. Revenue for the quarter came in at $100.15 million versus the consensus estimate of $100.44 million.

GUIDANCE:

CTS Corp. sees Q2 2017 EPS of $1.12-$1.22. CTS Corp. sees Q2 2017 revenue of $405-420 million.

“The first quarter was a solid start to the year,” said Kieran O’Sullivan, CEO of CTS Corporation. “We are focused on improving our performance over the balance of the year. Our booked business is growing steadily. Our operational execution remains on track, and various transition projects are moving forward.”

For earnings history and earnings-related data on CTS Corp. (CTS) click here.

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