CTS Corp, an electronics manufacturer, saw its stock plummet by 10.7% in the pre-market session on Tuesday. This sharp decline was triggered by the company's disappointing fourth-quarter results and a lower-than-expected outlook for the upcoming fiscal year.
In its Q4 2024 earnings report, CTS reported an adjusted earnings per share of $0.53, missing the analyst consensus estimate of $0.59. Additionally, the company's revenue of $127.435 million fell short of the expected $132.804 million, reflecting a 4.04% miss.
Looking ahead, CTS provided a cautious outlook for the full year 2025, projecting adjusted earnings per share in the range of $2.20 to $2.35, lower than analysts' expectations. The company also forecasted revenue between $520 million and $550 million, which could further disappoint investors.
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