Electronics contract manufacturer CTS is down 12.9% premarket after warning it expects Q1 EPS of...
Friday, April 13, 2012, 9:23 AM ETElectronics contract manufacturer CTS is down 12.9% premarket after warning it expects Q1 EPS of $0.05-$0.07, below a Street estimate of $0.16. The company, which just restarted manufacturing at a Thai facility crippled by flooding, blames lagging insurance reimbursements, customer returns, and a slow start to Q1. CTS is reiterating its 2012 EPS guidance of $0.75-$0.80 ($0.78 consensus). Some of CTS' peers: JBL, FLEX, SANM, CLS, PLXS, NTE.
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