U.S. markets closed
  • S&P 500

    3,811.15
    -18.19 (-0.48%)
     
  • Dow 30

    30,932.37
    -469.64 (-1.50%)
     
  • Nasdaq

    13,192.35
    +72.92 (+0.56%)
     
  • Russell 2000

    2,201.05
    +0.88 (+0.04%)
     
  • Crude Oil

    61.66
    -1.87 (-2.94%)
     
  • Gold

    1,733.00
    -42.40 (-2.39%)
     
  • Silver

    26.70
    -0.98 (-3.56%)
     
  • EUR/USD

    1.2088
    -0.0099 (-0.81%)
     
  • 10-Yr Bond

    1.4600
    -0.0580 (-3.82%)
     
  • GBP/USD

    1.3921
    -0.0091 (-0.65%)
     
  • USD/JPY

    106.5500
    +0.3200 (+0.30%)
     
  • BTC-USD

    47,204.65
    +861.86 (+1.86%)
     
  • CMC Crypto 200

    912.88
    -20.25 (-2.17%)
     
  • FTSE 100

    6,483.43
    -168.53 (-2.53%)
     
  • Nikkei 225

    28,966.01
    -1,202.26 (-3.99%)
     

TTM: 4Q Earnings Snapshot

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
  • Oops!
    Something went wrong.
    Please try again later.

SANTA ANA, Calif. (AP) _ TTM Technologies Inc. (TTMI) on Wednesday reported fourth-quarter net income of $39 million.

The Santa Ana, California-based company said it had net income of 34 cents per share. Earnings, adjusted for one-time gains and costs, came to 37 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.

The printed circuit board maker posted revenue of $523.8 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $509.1 million.

For the year, the company reported profit of $177.5 million, or $1.67 per share. Revenue was reported as $2.11 billion.

For the current quarter ending in April, TTM expects its per-share earnings to range from 19 cents to 25 cents.

The company said it expects revenue in the range of $490 million to $530 million for the fiscal first quarter.

TTM shares have declined 1% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $13.63, a fall of roughly 6% 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