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Wednesday, October 26, 2016

=TTM Technologies (TTMI) reported earnings on Wed 26 Oct 2016 (a/h)




COSTA MESA, Calif. (AP) _ TTM Technologies Inc. (TTMI) on Wednesday reported third-quarter net income of $25.6 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Costa Mesa, California-based company said it had net income of 23 cents. Earnings, adjusted for one-time gains and costs, were 39 cents per share.

The printed circuit board maker posted revenue of $641.7 million in the period.

For the current quarter ending in December, TTM expects its per-share earnings to range from 42 cents to 48 cents.

The company said it expects revenue in the range of $650 million to $690 million for the fiscal fourth quarter.

TTM shares have increased 75 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $11.36, an increase of 61 percent in the last 12 months.

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