CTS Cuts FY23 Adj EPS Guidance From $2.20 – $2.40 To $2.15 – $2.25 Vs. $2.27 Est.
Portfolio Pulse from Benzinga Newsdesk
CTS Corporation has reduced its FY23 adjusted EPS guidance from $2.20-$2.40 to $2.15-$2.25, compared to the estimated $2.27.
October 26, 2023 | 12:04 pm
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NEGATIVE IMPACT
CTS Corporation has lowered its FY23 adjusted EPS guidance, which may negatively impact investor sentiment and the company's stock price.
CTS Corporation's decision to lower its FY23 adjusted EPS guidance indicates potential financial challenges or lower-than-expected performance. This news could negatively impact investor sentiment, leading to a potential decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100