CTS down in after-hours despite topping Wall Street’s Q2 estimates
CTS Corp. (NYSE:CTS) is down in after-hours trading after the maker of electronic components reported second-quarter earnings of $10 million, or $0.27 per share, up 69% from $5.9 million, or $0.15 per share, a year earlier. Wall Street analysts expected earnings of $0.20 per share.
The Elkhart, Ind.-based company’s net sales jumped to $186.1 million versus $169.6 million a year ago. The sales results also beat Wall Street’s estimate, which was $180.8 million.
In Tuesday after-hours trading, CTS is down 1.50%, or $0.19, to $12.49. For detailed price information and recent news stories about CTS Corp, click CTS.
