CTS Corp. Narrows 2019 Guidance

(RTTNews) - CTS Corp. (CTS) announced, for 2019, it narrowed guidance for sales to $470 - $490 million from $460 - $500 million, and for adjusted earnings per diluted share to $1.55 - $1.65 from $1.50 - $1.70. Analysts polled by Thomson Reuters expect the company to report profit per share of $1.59 on revenue of $469.93 million. Analysts' estimates typically exclude special items.

For the second-quarter, adjusted EPS was $0.40, up from $0.39 in the second quarter of 2018. Analysts expected the company to report profit per share of $0.38, for the quarter.

Second-quarter sales were $120.7 million, up 2.3% year-over-year. Analysts expected revenue of $115.33 million, for the quarter.