TTM Technologies (TTMI) Tops Q3 EPS by 1c, Beats on Revenues; Offers Q4 EPS/Revenue Outlook

TTM Technologies (NASDAQ: TTMI) reported Q3 EPS of $0.32, $0.01 better than the analyst estimate of $0.31. Revenue for the quarter came in at $666.8 million versus the consensus estimate of $654.38 million.

Business Outlook

• For the fourth quarter of 2017, TTM estimates that revenue will be in the range of $700 million to $750 million, and non-GAAP net income attributable to stockholders will be in the range of $0.49 to $0.55 per diluted share.

Third Quarter 2017 Highlights

• Net sales were $666.8 million
• GAAP net income attributable to stockholders was $21.5 million, or $0.19 per diluted share
• Non-GAAP net income attributable to stockholders was $33.4 million, or $0.32 per diluted share
• Excluding a $7.4 million (non-cash) foreign exchange loss, non-GAAP earnings per diluted share were $0.38
• Adjusted EBITDA was $85.7 million

GUIDANCE:

TTM Technologies sees FY2017 EPS of $0.49-$0.55, versus the consensus of $0.52. TTM Technologies sees FY2017 revenue of $700-750 million, versus the consensus of $716.72 million.

For earnings history and earnings-related data on TTM Technologies (TTMI) click here.

You May Also Be Interested In

• FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
• Green Dot and CommerceOne shareholders approve acquisition deal
• Cerebras Systems posts 94% revenue jump, announces OpenAI deal