MTS Systems Corp. Q1 Earnings Rise

(RTTNews) - MTS Systems Corp. (MTSC) released a profit for its first quarter that climbed compared to the same period last year.

The company said its bottom line advanced to $33.34 million, or $1.73 per share. This was up from $10.52 million, or $0.55 per share, in last year's first quarter.

Analysts had expected the company to earn $0.41 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.6% to $194.16 million. This was down from $199.28 million last year.

MTS Systems Corp. earnings at a glance:

-Earnings (Q1): $33.34 Mln. vs. $10.52 Mln. last year. -Earnings Growth (Y-o-Y): 216.9% -EPS (Q1): $1.73 vs. $0.55 last year. -EPS Growth (Y-o-Y): 214.5% -Analysts Estimate: $0.41 -Revenue (Q1): $194.16 Mln vs. $199.28 Mln last year. -Revenue Change (Y-o-Y): -2.6%

-Guidance: Full year EPS guidance: $3.55 - $3.85 Full year revenue guidance: $780 - $820 Mln