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TTM: 4Q Earnings Snapshot

SANTA ANA, Calif. (AP) _ TTM Technologies Inc. (TTMI) on Wednesday reported fourth-quarter net income of $25.3 million.

On a per-share basis, the Santa Ana, California-based company said it had profit of 21 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 41 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.

The printed circuit board maker posted revenue of $719.3 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $660.9 million.

For the year, the company reported profit of $41.3 million, or 39 cents per share. Revenue was reported as $2.69 billion.

TTM shares have risen slightly since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $15.08, a climb of 29% 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