CTS Q3 Adj EPS $0.54 Misses $0.56 Estimate, Sales $134.55M Miss $142.07M Estimate
Portfolio Pulse from Benzinga Newsdesk
CTS Corporation reported Q3 adjusted earnings of $0.54 per share, missing the analyst consensus estimate of $0.56 by 3.57%. The company's quarterly sales were $134.55 million, missing the analyst consensus estimate of $142.07 million by 5.29%. Both earnings and sales have decreased compared to the same period last year.
October 26, 2023 | 12:01 pm
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NEGATIVE IMPACT
CTS Corporation's Q3 earnings and sales missed analyst estimates, which could negatively impact the company's stock price in the short term.
CTS Corporation's Q3 earnings and sales fell short of analyst estimates, which is typically seen as a negative signal by the market. This could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100