CTS Q2 Adj EPS $0.59 Beats $0.53 Estimate, Sales $145.20M Miss $146.07M Estimate
Portfolio Pulse from Benzinga Newsdesk
CTS Corporation reported Q2 adjusted earnings of $0.59 per share, beating the analyst consensus estimate of $0.53 by 11.32%. However, the company's quarterly sales of $145.20 million missed the analyst consensus estimate of $146.07 million by 0.60%. This represents a 4.84% decrease in earnings and a 0.15% increase in sales compared to the same period last year.
July 25, 2023 | 12:01 pm
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CTS Corporation's Q2 earnings beat estimates but sales missed, indicating mixed performance.
CTS Corporation's Q2 earnings exceeded analyst expectations, which could positively impact the stock. However, the company's sales missed estimates, which could negatively affect the stock. The mixed performance makes the short-term impact on the stock uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100