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TTM: 2Q Earnings Snapshot

COSTA MESA, Calif. (AP) _ TTM Technologies Inc. (TTMI) on Wednesday reported second-quarter net income of $84 million.

On a per-share basis, the Costa Mesa, California-based company said it had profit of 65 cents. Earnings, adjusted for non-recurring gains, came to 48 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.

The printed circuit board maker posted revenue of $716.9 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $727.7 million.

For the current quarter ending in October, TTM expects its per-share earnings to range from 41 cents to 47 cents.

The company said it expects revenue in the range of $730 million to $770 million for the fiscal third quarter.

TTM shares have risen 12 percent since the beginning of the year. The stock has fallen 0.5 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TTMI at https://www.zacks.com/ap/TTMI