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TTM: 4Q Earnings Snapshot

COSTA MESA, Calif. (AP) _ TTM Technologies Inc. (TTMI) on Wednesday reported fourth-quarter earnings of $52.5 million.

On a per-share basis, the Costa Mesa, California-based company said it had net income of 42 cents. Earnings, adjusted for one-time gains and costs, came to 52 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.

The printed circuit board maker posted revenue of $711 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $709.8 million.

For the year, the company reported profit of $173.6 million, or $1.38 per share. Revenue was reported as $2.85 billion.

For the current quarter ending in April, TTM expects its per-share earnings to range from 14 cents to 20 cents.

The company said it expects revenue in the range of $610 million to $650 million for the fiscal first quarter.

TTM shares have risen 24 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $12.09, a decrease of 22 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