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TTM: 2Q Earnings Snapshot

COSTA MESA, Calif. (AP) _ TTM Technologies Inc. (TTMI) on Wednesday reported second-quarter net income of $3.4 million.

On a per-share basis, the Costa Mesa, California-based company said it had net income of 3 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 20 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.

The printed circuit board maker posted revenue of $633 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $622.9 million.

For the current quarter ending in October, TTM expects its per-share earnings to range from 35 cents to 41 cents.

The company said it expects revenue in the range of $690 million to $730 million for the fiscal third quarter.

TTM shares have risen 7.5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $10.46, a decline of 40% 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