TTM Technologies Inc TTMI:NASDAQ

Last Price$10.54NASDAQ Closing Price as of 3:59PM ET 4/07/20
NASDAQ 15-minute delayed Bid/Ask Quotes
Today's Change+0.03(0.29%)
Bid (Size)$10.53 (1)
Ask (Size)$10.54 (2)
Day Low / High$10.42 - 11.08
Volume2.1 M

TTM Technologies Q4 Results Top Estimates, Unveils Q1 Guidance

4:57AM ET 2/06/2020 MT Newswires
TTM Technologies (TTMI), a maker of printed circuit board and radio frequency components, reported Q4 non-GAAP EPS of $0.41, down from $0.52 a year ago but topping the $0.27 average estimate from analysts polled by Capital IQ.

Net sales climbed to $719.3 million from $711 million in Q4 of fiscal 2018, beating the $660.4 million analysts' consensus. The company attributed the period's sales growth to improved results from the aerospace and defense, cellular and computing end markets that offset the softness from other commercial end markets.

Assuming its Chinese factories can resume operations on Feb. 10, TTM estimated $580 million to $620 million in revenue for fiscal Q1 and $0.05 to $0.11 in non-GAAP EPS, including a negative impact of about $0.09 per share related to the additional nine days of facility closure due to the coronavirus outbreak. The company warned that an extended shutdown will further impact its fiscal Q1 results.

Analysts are currently expecting Q1 adjusted EPS of $0.18 on revenue of $603.9 million.

Price: 15.08, Change: +0.09, Percent Change: +0.60