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TTM Technologies Inc. Message Board

  • contrarian09 contrarian09 Jan 15, 2013 5:08 PM Flag

    Up BIG after hours

    COSTA MESA, Calif., Jan. 15, 2013 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (TTMI), a major global printed circuit board manufacturer, today announced it expects to report both revenue and earnings per share at or somewhat above the high end of its previous guidance for the fourth quarter of 2012. The company provided fourth quarter guidance of revenue from $360 million to $380 million, GAAP earnings attributable to stockholders of $0.07 to $0.14 per diluted share and non-GAAP earnings attributable to stockholders of $0.14 to $0.21 per diluted share.

    Sentiment: Buy

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    • there will still be ongoing concern with the current quarter revenue and margin trends. As Apple initially ordered IPhone components from multiple sources to overcome weak production yields most companies in the supply chain obviously were able to deliver great Q4 revenues (just look at CRUS or MFLX for example). With yields improving and demand not as strong as Apple might have forecasted Apple slashed March quarter supplier orders by as much as 50% so it doesn't really matter here if TTM did a reasonable good job in Q4 - it will be all about guidance when the company reports final results on February, 4th

      so I would expect to get this announcement shorted tomorrow and at the end of the day the stock might end up pretty much unchanged.

 
TTMI
9.22+0.06(+0.66%)Jul 29 4:00 PMEDT