MTS Systems Corp. Q3 adjusted earnings Miss Estimates

(RTTNews) - MTS Systems Corp. (MTSC) announced a profit for third quarter that decreased from the same period last year.

The company's earnings came in at $8.98 million, or $0.47 per share. This compares with $10.61 million, or $0.55 per share, in last year's third quarter.

Analysts had expected the company to earn $0.64 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.5% to $194.67 million from $193.76 million last year.

MTS Systems Corp. earnings at a glance:

-EPS (Q3): $0.49 vs. $0.56 last year. -Analysts Estimate: $0.64 -Revenue (Q3): $194.67 Mln vs. $193.76 Mln last year.