TTM Technologies Shares Rise After Q3 Revenue Beats Estimates; Q4 Outlook Set

MT Newswires Live11-01

TTM Technologies (TTMI) shares were up nearly 14% Thursday, a day after the company reported its Q3 results.

Late Wednesday, the company reported Q3 non-GAAP diluted earnings of $0.41 per share, down from $0.43 a year earlier.

Analysts polled by Capital IQ expected $0.41.

Net sales for the quarter ended Sept. 30 were $616.5 million, up from $572.6 million a year earlier.

Analysts surveyed by Capital IQ expected $604 million.

The company expects Q4 non-GAAP diluted earnings of $0.44 to $0.50 per share on revenue of $610 million to $650 million.

Analysts surveyed by Capital IQ expect $0.46 on revenue of $625.2 million.

Price: 22.40, Change: +2.68, Percent Change: +13.56

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