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MTS: Fiscal 4Q Earnings Snapshot

EDEN PRAIRIE, Minn. (AP) _ MTS Systems Corp. (MTSC) on Monday reported fiscal fourth-quarter net income of $10.8 million.

On a per-share basis, the Eden Prairie, Minnesota-based company said it had profit of 56 cents. Earnings, adjusted for restructuring costs, were 61 cents per share.

The maker of mechanical testing systems posted revenue of $197.9 million in the period.

For the year, the company reported profit of $61.3 million, or $3.18 per share. Revenue was reported as $778 million.

MTS expects full-year earnings in the range of $2.30 to $2.60 per share, with revenue in the range of $830 million to $870 million.

MTS shares have decreased 11 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $47.68, a decrease of 13 percent 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