<< Read Full Article

CTS Down on Warning

 

Electronic component maker CTS (CTS Quote) was down 12.6% in midmorning after warning it will post a second-quarter loss of 5 to 10 cents a share on revenue of $150 million.

Analysts were expecting earnings of 8 cents a share, according to Thomson Financial/First Call.

The company blamed weak sales in the auto industry, which accounts for a large part of its business. CTS has cut its workforce by 28% this year as part of a cost-cutting effort.

<< Read Full Article

Recent Comments

Loading .....




Dow Jones S&P 500 NASDAQ 10-Year Note
10,388.90 1,105.98 2,194.35 34.83
Oil *
77.74
UP
22.75
UP
6.06
UP
21.21
UP
1.03
10 Yr
3.48%
SPDR Gold
113.75
+0.22%
+0.55%
+0.98%
+3.05%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services