TTM Technologies (TTMI) Releases Earnings Results, Beats Expectations By $0.06 EPS

TTM Technologies (TTMI) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $0.14 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.08. The company posted revenue of $583.30 million in the period, compared to analysts expectations of $584.97 million. The company’s revenue was up 77.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.

TTM Technologies opened for trading at $6.67 and hit $6.75 on the upside on Friday, eventually ending the session at $6.68, with a gain of 0.60% or 0.04 points. The heightened volatility saw the trading volume jump to 4,80,597 shares. Company has a market cap of $664 M.

In a different news, on Mar 1, 2016, Philip Titterton (officer ) sold 9,182 shares at $6.29 per share price. According to the SEC, on Mar 1, 2016, Tony Sanchez (Vice President & Controller) sold 10,199 shares at $6.31 per share price. On Feb 5, 2016, Douglas L Soder (officer ) sold 12,600 shares at $5.35 per share price, according to the Form-4 filing with the securities and exchange commission.

TTM Technologies Inc. is a provider of printed circuit board (PCB) products and backplane assemblies which serve as the foundation of electronic products. The Company operates a total of 13 facilities in the United States and the People’s Republic of China (China). It manages operations based on two geographic operating segments: Asia Pacific which consists of five PCB fabrication plants and North America which consists of seven domestic PCB fabrication plants including a facility that provides follow-on value-added services primarily for one of the PCB fabrication plants and one backplane assembly plant in Shanghai China which is managed in conjunction with its United States operations. It serves a range of customer base in various markets including manufacturers of networking/communications infrastructure products smartphones and touchscreen tablets as well as the aerospace and defense high-end computing and industrial/medical industries.

TTM Technologies

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