TTM: 3Q Earnings Snapshot
SANTA ANA, Calif. (AP) _ TTM Technologies Inc. (TTMI) on Wednesday reported third-quarter earnings of $15.9 million.
On a per-share basis, the Santa Ana, California-based company said it had profit of 14 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 37 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.
The printed circuit board maker posted revenue of $716.8 million in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $708.8 million.
For the current quarter ending in December, TTM expects its per-share earnings to range from 25 cents to 31 cents.
The company said it expects revenue in the range of $640 million to $680 million for the fiscal fourth quarter.
TTM shares have risen 35% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $13.16, a decline of nearly 3% in the last 12 months.