Benzinga | Jul 31, 2020 08:04AM EDT

CTS Q2 Adj. EPS $0.16 Beats $0.07 Estimate, Sales $84.20M Miss $89.02M Estimate

CTS (NYSE:CTS) reported quarterly earnings of $0.16 per share which beat the analyst consensus estimate of $0.07 by 128.57 percent. This is a 60 percent decrease over earnings of $0.40 per share from the same period last year. The company reported quarterly sales of $84.20 million which missed the analyst consensus estimate of $89.02 million by 5.41 percent. This is a 30.23 percent decrease over sales of $120.68 million the same period last year.