MTS Systems Corp. Q4 Income Declines 16%

(RTTNews) - MTS Systems Corp. (MTSC) released earnings for fourth quarter that lost ground from last year.

The company said its profit dropped to $9.19 million, or $0.62 per share. This was down from $10.94 million, or $0.72 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.65 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 0.3% to $143.48 million. This was up from $143.10 million last year.

MTS Systems Corp. earnings at a glance:

-Earnings (Q4): $9.19 Mln. vs. $10.94 Mln. last year. -Earnings Decline (Y-o-Y): -16.0% -EPS (Q4): $0.62 vs. $0.72 last year. -EPS Decline (Y-o-Y): -13.9% -Analysts Estimate: $0.65 -Revenue (Q4): $143.48 Mln vs. $143.10 Mln last year. -Revenue Change (Y-o-Y): 0.3%

-Guidance: Full year EPS guidance: $3.03 - $3.28 Full year revenue guidance: $570 - $600 Mln