MTS Systems Corp. Q2 adjusted earnings Beat Estimates

(RTTNews) - MTS Systems Corp. (MTSC) released a profit for its second quarter that increased from the same period last year.

The company's bottom line totaled $14.16 million, or $0.73 per share. This compares with $8.44 million, or $0.44 per share, in last year's second quarter.

Excluding items, MTS Systems Corp. reported adjusted earnings of $14.83 million or $0.76 per share for the period.

Analysts had expected the company to earn $0.62 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 21.8% to $233.05 million from $191.32 million last year.

MTS Systems Corp. earnings at a glance:

-Earnings (Q2): $14.83 Mln. vs. $8.71 Mln. last year. -EPS (Q2): $0.76 vs. $0.45 last year. -Analysts Estimate: $0.62 -Revenue (Q2): $233.05 Mln vs. $191.32 Mln last year.