CTS Corp Q3 Income Falls 24%

(RTTNews) - CTS Corp (CTS) released earnings for third quarter that lost ground from last year.

The company said its bottom line came in at $7.54 million, or $0.23 per share. This was lower than $9.89 million, or $0.29 per share, in last year's third quarter.

Analysts had expected the company to earn $0.23 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 9.3% to $90.65 million. This was down from $99.96 million last year.

CTS Corp earnings at a glance:

-Earnings (Q3): $7.54 Mln. vs. $9.89 Mln. last year. -Earnings Decline (Y-o-Y): -23.8% -EPS (Q3): $0.23 vs. $0.29 last year. -EPS Decline (Y-o-Y): -20.7% -Analysts Estimate: $0.23 -Revenue (Q3): $90.65 Mln vs. $99.96 Mln last year. -Revenue Change (Y-o-Y): -9.3%

-Guidance: Full year EPS guidance: $0.95 - $1.05 Full year revenue guidance: $390 - $405 Mln