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TTM: 3Q Earnings Snapshot

COSTA MESA, Calif. (AP) _ TTM Technologies Inc. (TTMI) on Tuesday reported third-quarter net income of $27 million.

On a per-share basis, the Costa Mesa, California-based company said it had profit of 22 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 50 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.

The printed circuit board maker posted revenue of $755.8 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $750 million.

For the current quarter ending in December, TTM expects its per-share earnings to range from 44 cents to 50 cents.

The company said it expects revenue in the range of $720 million to $760 million for the fiscal fourth quarter.

TTM shares have decreased 14 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $13.52, a decline of 14 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