On Thursday, shares of TTM Technologies Inc (TTMI.US) surged over 12%, reaching $147.48.
This rally followed the company's release of its second-quarter results. TTM Technologies reported adjusted earnings per share of $0.99, surpassing the consensus analyst estimate of $0.90 and marking a 70.69% increase year-over-year from $0.58 per share.
The company also generated $1.004 billion in quarterly revenue, exceeding the analyst forecast of $962.04 million. Compared to revenue of $730.621 million in the same period last year, this represents a 37.42% growth.
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