08:52 AM EDT, 10/29/2024 (MT Newswires) -- CTS (CTS) reported Q3 adjusted earnings Tuesday of $0.63 per diluted share, up from $0.54 a year earlier.

A single analyst polled by Capital IQ expected $0.54.

Net sales for the quarter ended Sept. 30 were $132.4 million, down from $134.6 million a year earlier.

A single analyst surveyed by Capital IQ expected $132.5 million.

The company it continues to expect 2024 adjusted diluted EPS of $2.05 to $2.25. A single analyst polled by Capital IQ is looking for $2.10.

Sales for the year are now expected to be from $515 million to $525 million, lower than the previous range of $525 million to $540 million. A single analyst polled by Capital IQ is expecting $526.7 million.

Shares of the company were down 1% in recent Tuesday premarket activity.

Price: 48.04, Change: -0.50, Percent Change: -1.03