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TTM: 1Q Earnings Snapshot

April 29, 2020 GMT

SANTA ANA, Calif. (AP) _ TTM Technologies Inc. (TTMI) on Wednesday reported a loss of $1.2 million in its first quarter.

On a per-share basis, the Santa Ana, California-based company said it had a loss of 1 cent. Earnings, adjusted for one-time gains and costs, were 18 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.

The printed circuit board maker posted revenue of $497.6 million in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $574.1 million.

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For the current quarter ending in July, TTM expects its per-share earnings to range from 11 cents to 17 cents.

The company said it expects revenue in the range of $520 million to $560 million for the fiscal second quarter.

TTM shares have dropped 23% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $11.57, a decline of 14% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TTMI at https://www.zacks.com/ap/TTMI

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