CTS Q4 Adj EPS $0.47 Beats $0.46 Estimate, Sales $124.69M Beat $124.51M Estimate
Portfolio Pulse from Benzinga Newsdesk
CTS Corporation (NYSE:CTS) reported Q4 adjusted EPS of $0.47, surpassing the consensus estimate of $0.46, and sales of $124.69M, slightly above the estimate of $124.51M. However, these figures represent a decrease from the previous year, with earnings down 16.07% and sales down 12.36%.
February 06, 2024 | 1:01 pm
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CTS Corporation reported higher-than-expected Q4 earnings and sales, but with significant declines from the previous year.
While CTS Corporation exceeded analyst expectations for Q4, the year-over-year decline in both earnings and sales may temper investor enthusiasm. The beat on estimates could provide some short-term positive sentiment, but the significant declines highlight potential challenges ahead.
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