TTM Technologies, Inc. (TTMI) Reports In-Line Q1 EPS

TTM Technologies, Inc. (NASDAQ: TTMI) reported Q1 EPS of $0.01, in-line with the analyst estimate of $0.01. Revenue for the quarter came in at $291.9 million versus the consensus estimate of $290.22 million.

TTM Technologies, Inc. sees Q2 EPS of $0.02-$0.08. TTM Technologies, Inc. sees Q2 revenue of $290-310 million.

"Our first quarter operating performance, excluding an unrealized, non-cash foreign exchange loss, was within our guidance range," said Tom Edman, CEO of TTM. "We largely experienced normal seasonality during the quarter with somewhat more pronounced softness in the cellular phone end market. However, we were pleased to see solid demand in our networking/communications end market."

"We remain confident in our strategy to address a diverse group of served markets and customers. Looking towards the second half of the year, our scale and advanced technology capabilities position TTM well for customer product ramps," concluded Mr. Edman.

For earnings history and earnings-related data on TTM Technologies, Inc. (TTMI) click here.

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