TTM: Q1 Earnings Snapshot
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
By AP News
Published - May 03, 2023, 05:03 AM ET
Last Updated - Apr 15, 2024, 10:03 AM EDT
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.
