MTS: Fiscal 3Q Earnings Snapshot
EDEN PRAIRIE, Minn. (AP) _ MTS Systems Corp. (MTSC) on Monday reported fiscal third-quarter profit of $13.6 million.
The Eden Prairie, Minnesota-based company said it had net income of 70 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were 71 cents per share.
The maker of mechanical testing systems posted revenue of $232.2 million in the period.
MTS expects full-year earnings in the range of $2.30 to $2.50 per share, with revenue in the range of $875 million to $895 million.
MTS shares have risen 40% since the beginning of the year. In the final minutes of trading on Monday, shares hit $56.09, an increase of almost 5% in the last 12 months.