MTS Systems Corp. (MTSC) Monday reported third-quarter profit of $14.14 million or $0.92 per share, up from $11.55 million or $0.72 per share in the same period last year.
On average, three analysts polled by Thomson Reuters expected the company to earn $0.92 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues increased to $145.47 million from $135.06 million last year.
Looking ahead to the fiscal 2014, the company currently projects adjusted earnings in the range of $3.20 to $3.35 per share, with revenues in the order of $570 million to $580 million.
Analysts currently expect the company to report full-year earnings of $3.39 per share.
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