MTS: Fiscal 3Q Earnings Snapshot
Aug. 06, 2018
EDEN PRAIRIE, Minn. (AP) _ MTS Systems Corp. (MTSC) on Monday reported fiscal third-quarter net income of $9 million.
On a per-share basis, the Eden Prairie, Minnesota-based company said it had profit of 47 cents. Earnings, adjusted for restructuring costs, were 49 cents per share.
The maker of mechanical testing systems posted revenue of $194.7 million in the period.
MTS expects full-year earnings to be $3.25 to $3.35 per share, with revenue in the range of $775 million to $785 million.
MTS shares have risen slightly since the beginning of the year. In the final minutes of trading on Monday, shares hit $53.95, a rise of almost 5 percent in the last 12 months.