TTMI

TTM Technologies Q4 Adj. EPS Tops Estimates; Guides Q1 In Line With View

(RTTNews) - TTM Technologies, Inc. (TTMI) reported Wednesday that net income for the fourth quarter surged to $17.34 million or $0.17 per share from $6.02 million or $0.06 per share in the prior-year quarter.

Excluding items, adjusted net income for the quarter was $0.41 per share, compared to $0.41 per share in the year-ago quarter.

Total net sales for the quarter declined to $569.04 million from $617.16 million in the same quarter last year.

On average, four analysts polled by Thomson Reuters expected the company to report earnings of $0.36 per share on revenues of $572.03 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to the first quarter of fiscal 2024, the company projects adjusted earnings in a range of $0.24 to $0.30 per share on revenues between $530 million and $570 million. The Street is looking for earnings of $0.27 per share on revenues of $555.59 million for the quarter.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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