CTS Q2 Adj $0.54 Beats $0.53 Estimate, Sales $130.16M Miss $133.38M Estimate
Portfolio Pulse from Benzinga Newsdesk
CTS (NYSE:CTS) reported Q2 earnings of $0.54 per share, beating the analyst estimate of $0.53 but showing a decrease from $0.59 per share last year. Sales were $130.16 million, missing the $133.38 million estimate and down from $145.18 million last year.
July 30, 2024 | 12:03 pm
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CTS reported Q2 earnings of $0.54 per share, beating the estimate of $0.53 but down from $0.59 last year. Sales missed estimates at $130.16M, down from $145.18M last year.
While CTS beat earnings estimates, the decrease in both earnings and sales compared to last year, along with the sales miss, suggests mixed short-term impact. Investors may react neutrally as the positive earnings beat is offset by declining sales.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100