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TTM Tech Tops Expectations, Shares Rise

Santa Ana-based company makes printed circuit boards

Printed circuit board maker TTM Technologies reported fourth quarter earnings that exceeded analysts’ expectations, sending the company’s shares up 3% in after-hours trading. (Nasdaq: TTMI)

The Santa Ana-based company reported adjusted earnings per share of 70 cents, above  analyst estimates of 68 cents.

Revenue came in at $774.3 million, surpassing the consensus estimate of $753 million,  for a 19% increase over the same period a year earlier.

The shares were trading at $99.05 apiece as of 5:05 p.m. in New York, for a market cap close to $10 billion, after closing down 10.6% earlier in the day.

For further details, see the Feb. 9 edition of the Business Journal.

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Kevin Costelloe
Kevin Costelloe
Tech reporter at Orange County Business Journal
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