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MTS: Fiscal 2Q Earnings Snapshot

EDEN PRAIRIE, Minn. (AP) _ MTS Systems Corp. (MTSC) on Monday reported fiscal second-quarter profit of $14.2 million.

The Eden Prairie, Minnesota-based company said it had net income of 73 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, came to 76 cents per share.

The maker of mechanical testing systems posted revenue of $233 million in the period.

MTS expects full-year earnings in the range of $2.42 to $2.72 per share, with revenue in the range of $830 million to $870 million.

MTS shares have increased 40% since the beginning of the year. In the final minutes of trading on Monday, shares hit $56.24, a rise of slightly more than 7% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MTSC at https://www.zacks.com/ap/MTSC