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CTS Guides FY25 Below Estimates - Update
(RTTNews) - While reporting financial results for the fourth quarter on Tuesday, CTS Corp. (CTS) initiated its adjusted earnings and sales guidance for the full-year 2025.
For fiscal 2025, the company now projects adjusted earnings in a range of $2.20 to $2.35 per share on sales between $520 million and $550 million.
On average, analysts polled expect the company to report earnings of $2.37 per share on sales of $551.56 million for the year. Analysts' estimates typically exclude special items.
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European Economic News Preview: UK Unemployment Data Due
Unemployment from the UK and economic sentiment from Germany are the top economic news due on Tuesday. At 2.00 am ET, the Office for National Statistics releases UK unemployment data. The jobless rate is seen unchanged at 4.7 percent in the three months to August.
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Sensex, Nifty Struggle For Direction; IT Stocks Lead Gains
Indian shares struggled for direction on Tuesday, tracking mostly weak cues from other Asian markets.
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Australian Market Modestly Higher In Mid-market
The Australian stock market is back in the green in mid-market trading on Tuesday, after alternating across the unchanged line, reversing the losses in the previous two sessions, following the positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving near the 8,900 level, with gains in mining and energy stocks partially offset by weakness in financial and technology stocks.
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