TTM Technologies (TTMI) Tops Q2 EPS by 9c; Guides In-Line

TTM Technologies (NASDAQ: TTMI) reported Q2 EPS of $0.27, $0.09 better than the analyst estimate of $0.18. Revenue for the quarter came in at $601.8 million versus the consensus estimate of $601.48 million.

“Our second quarter results reflect continued year on year improvements in revenue and earningsas sales to our customer base in diversified end markets have dampened historical volatility,” said Tom Edman, CEO of TTM. “Strong operational execution across all of our business units drove non-GAAP earnings well above the high end of our guidance. A rebound in the cellular and communications end markets more than offset modest declines in the automotive and computing end markets, and our aerospace and defense end market hit a quarterly record in revenues.”

GUIDANCE:

TTM Technologies sees Q3 2016 EPS of $0.29-$0.35, versus the consensus of $0.26. TTM Technologies sees Q3 2016 revenue of $620-660 million, versus the consensus of $652.9 million.

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

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