MTS Systems Beats Estimates (MTSC)

MTS Systems Corp. MTSC reports Q4 earnings of $0.54 versus consensus of $0.43. MTS Systems Corp. reports Q3 revenues of $105.9 million versus consensus of $101.16 million. Orders increased 37% quarter over quarter; revenues increased 25% quarter over quarter. "We are pleased with MTS' fourth quarter improvement in orders, backlog, revenue and earnings compared with third quarter," said Laura B. Hamilton, chief executive officer and chair."Both businesses performed very well. During the period, MTS benefited from a number of factors including solid execution, improved order levels and favorable business mix in Test and continued outstanding performance in Sensors." Hamilton concluded, "Global economic recovery is expected to be a long process which requires flexibility, responsiveness and vision. As we enter 2011, uncertainty remains regarding the world economy but our investments in growth geographies, like China, and in key end markets such as wind and mobile hydraulics, combined with our technology leadership and commitment to cost competitiveness, position us to capture opportunities as they arise and be successful in 2011 and over the long term." Shares of MTSC are higher in the after-hours by 0.09%.