TTM Technologies Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St.11-02

TTM Technologies (NASDAQ:TTMI) Third Quarter 2024 Results Key Financial Results Revenue: US$616.5m (up 7.7% from 3Q 2023). Net income: US$14.3m (up from US$37.1m loss in 3Q 2023). Profit margin: 2.3%...

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The move to profitability was primarily driven by higher revenue.NasdaqGS:TTMI Earnings and Revenue Growth November 2nd 2024. All figures shown in the chart above are for the trailing 12 month  period. Revenue exceeded analyst estimates by 2.1%. Earnings per share  missed analyst estimates by 45%.Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Electronic industry in the US.The company's shares are up 13% from a week ago.It is worth noting though that we have found 1 warning sign for TTM Technologies that you need to take into consideration.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"TTM":"塔塔汽车","TTMI":"TTM科技"},"translate_title":"TTM Technologies 2024年第三季度收益：收入超出预期，每股收益滞后","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TTM":1,"TTMI":0.9},"content_text":"TTM Technologies (NASDAQ:TTMI) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$616.5m (up 7.7% from 3Q 2023).\nNet income: US$14.3m (up from US$37.1m loss in 3Q 2023).\nProfit margin: 2.3% (up from net loss in 3Q 2023). The move to profitability was primarily driven by higher revenue.\nEPS: US$0.14 (up from US$0.36 loss in 3Q 2023).\n\n\n\n\n  NasdaqGS:TTMI Earnings and Revenue Growth November 2nd 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nTTM Technologies Revenues Beat Expectations, EPS Falls Short\n Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 45%. \n Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Electronic industry in the US. \nPerformance of the American Electronic industry.\n The company's shares are up 13% from a week ago. \nRisk Analysis\n It is worth noting though that we have found 1 warning sign for TTM Technologies that you need to take into consideration. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2480682522"}