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CTS Posts Higher Q3 Adjusted EPS, Sales, Revises Full-Year Outlook

10:32AM ET 10/27/2021 MT Newswires
CTS (CTS) on Wednesday reported adjusted earnings of $0.46 per share in Q3, up from $0.34 per share last year.

Analysts surveyed by Capital IQ were expecting $0.37 per share.

Sales totaled $122.4 million compared with $113.8 million a year ago. Analysts were expecting $117.1 million.

The electronic component manufacturer raised and narrowed its full-year guidance due to supply chain uncertainties. The company now expects sales of $495 million to $505 million compared with the prior projection of $480 million to $500 million. It also sees adjusted EPS of $1.85 to $1.95 from the previous outlook of $1.70 to $1.90.

Price: 33.25, Change: +1.53, Percent Change: +4.82