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CTS Corp Lowers FY 2013 Revenue Guidance; Reaffirms FY 2013 EPS Guidance

Monday, 22 Jul 2013 05:30pm EDT 

CTS Corp announced that it is lowering fiscal 2013 sales guidance to a 6% to 8%, compared to prior range of the low end of 12% to 15%, primarily due to softness at EMS and maintaining fiscal 2013 adjusted earnings per share in the range of $0.78 to $0.83 per share, which excludes tax expense on cash repatriation, restructuring and related costs and CEO transition costs. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenues of $628 million and EPS of $0.80 for fiscal 2013. 

Company Quote

0.15 +0.78%
4:04pm EDT