TTM: Q1 Earnings Snapshot

SANTA ANA, Calif. (AP) — SANTA ANA, Calif. (AP) — TTM Technologies Inc. (TTMI) on Wednesday reported a loss of $5.8 million in its first quarter.

On a per-share basis, the Santa Ana, California-based company said it had a loss of 6 cents. Earnings, adjusted for one-time gains and costs, came to 18 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.

The printed circuit board maker posted revenue of $544.4 million in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $568.8 million.

For the current quarter ending in June, TTM expects its per-share earnings to range from 17 cents to 23 cents.

The company said it expects revenue in the range of $530 million to $570 million for the fiscal second quarter.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on TTMI at

Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo

More from WTOP

Log in to your WTOP account for notifications and alerts customized for you.

Sign up