MTS Systems Corp. Q1 adjusted earnings Beat Estimates

(RTTNews) - MTS Systems Corp. (MTSC) revealed a profit for first quarter that fell from last year.

The company's bottom line came in at $10.50 million, or $0.54 per share. This compares with $33.15 million, or $1.72 per share, in last year's first quarter.

Excluding items, MTS Systems Corp. reported adjusted earnings of $11.59 million or $0.59 per share for the period.

Analysts had expected the company to earn $0.55 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.6% to $203.18 million from $194.16 million last year.

MTS Systems Corp. earnings at a glance:

-Earnings (Q1): $11.59 Mln. vs. $33.34 Mln. last year. -EPS (Q1): $0.59 vs. $1.73 last year. -Analysts Estimate: $0.55 -Revenue (Q1): $203.18 Mln vs. $194.16 Mln last year.

-Guidance: Full year EPS guidance: $2.42 - $2.72 Full year revenue guidance: $830 - $870 Mln