MTS Systems Corp. Q2 adjusted earnings Miss Estimates

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

The company's earnings totaled $8.44 million, or $0.44 per share. This compares with $7.20 million, or $0.38 per share, in last year's second quarter.

Excluding items, MTS Systems Corp. reported adjusted earnings of $8.71 million or $0.45 per share for the period.

Analysts had expected the company to earn $0.48 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 1.1% to $191.32 million from $193.42 million last year.

MTS Systems Corp. earnings at a glance:

-Earnings (Q2): $8.71 Mln. vs. $12.88 Mln. last year. -EPS (Q2): $0.45 vs. $0.67 last year. -Analysts Estimate: $0.48 -Revenue (Q2): $191.32 Mln vs. $193.42 Mln last year.

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