TTM Technologies Earnings: Everything You Must Know Now
TTM Technologies Inc. (NASDAQ:TTMI) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
TTM Technologies Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 47.06% to $0.09 in the quarter versus EPS of $0.17 in the year-earlier quarter.
Revenue: Rose 3.23% to $338 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: TTM Technologies Inc. reported adjusted EPS income of $0.09 per share. By that measure, the company missed the mean analyst estimate of $0.11. It beat the average revenue estimate of $333.64 million.
Quoting Management: “Overall results for the second quarter were in line with our guidance,” said Kent Alder, CEO of TTM. “During the quarter, we experienced broad-based strength in our networking and communications end market in both Asia Pacific and North America. We saw some softness in our computing end market while our other end markets remained steady.”
Key Stats (on next page)…
Revenue increased 3.88% from $325.39 million in the previous quarter. EPS decreased 30.77% from $0.13 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.19 to a profit $0.18. For the current year, the average estimate has moved down from a profit of $0.68 to a profit of $0.67 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)