MTS Systems (MTSC) Misses Q2 EPS Views; Trims FY16 EPS Outlook

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MTS Reports Fiscal 2016 Second Quarter Financial Results

May 10, 2016 4:06 PM EDT

EDEN PRAIRIE, MN, May 10, 2016 /PRNewswire/ -- MTS Systems Corporation (Nasdaq: MTSC), a leading global supplier of high-performance test systems and position sensors, today reported financial results for its fiscal 2016 second quarter ended April 2, 2016.

Revenue of $137 million was down approximately 5% compared to the prior year driven by the timing of revenue conversion of custom projects EPS of $0.20 was down $0.57 compared... More