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TTM posts 1Q profit

COSTA MESA, Calif. (AP) _ TTM Technologies Inc. (TTMI) on Wednesday reported first-quarter net income of $33 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Costa Mesa, California-based company said it had net income of 33 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 37 cents per share.

The printed circuit board maker posted revenue of $625.2 million in the period.

For the current quarter ending in July, TTM expects its per-share earnings to range from 31 cents to 37 cents.

The company said it expects revenue in the range of $605 million to $645 million for the fiscal second quarter.

TTM shares have climbed 18 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $16.06, more than doubling 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


Keywords: TTM Technologies, Earnings Report