CTS: 2Q Earnings Snapshot
LISLE, Ill. (AP) _ CTS Corp. (CTS) on Thursday reported second-quarter earnings of $11.9 million.
On a per-share basis, the Lisle, Illinois-based company said it had net income of 36 cents. Earnings, adjusted for non-recurring costs and restructuring costs, came to 40 cents per share.
The electronics manufacturer posted revenue of $120.7 million in the period.
CTS expects full-year earnings in the range of $1.55 to $1.65 per share, with revenue in the range of $470 million to $490 million.
CTS shares have risen 18% since the beginning of the year. The stock has decreased 15% in the last 12 months.