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MTS Systems Corp lowers FY 2014 guidance


Monday, 5 May 2014 04:01pm EDT 

MTS Systems Corp:Says current product mix in the test business has pushed more of backlog conversion into FY 2015 than previously expected.For this reason, it is adjusting outlook for the remainder of FY 2014 downward.Expects FY 2014 revenue for the year to be $580 to $590 million, compared to the previous guidance range of $585 to $605 million.Expects FY 2014 earnings per share excluding the restructuring charge, to be $3.35 to $3.50 per share, compared to the previous guidance range of $3.55 to $3.70 per share.FY 2014 revenue of $586 million and EPS of $3.65 - Thomson Reuters I/B/E/S. 

Company Quote

64.28
-4.7 -6.81%
4:00pm EDT