TTM Technologies (TTMI) Reports In-Line Q1 EPS, Beats on Revenues; Offers FY18 EPS/Revenues Above Consensus

TTM Technologies (NASDAQ: TTMI) reported Q1 EPS of $0.26, in-line with the analyst estimate of $0.26. Revenue for the quarter came in at $663.6 million versus the consensus estimate of $638.81 million.

First Quarter 2018 Highlights

• Net sales were $663.6 million
• GAAP net income was $10.1 million, or $0.09 per diluted share
• Non-GAAP net income was $28.0 million, or $0.26 per diluted share
• Completed the acquisition of Anaren, Inc.

Business Outlook

For the second quarter of 2018, including the expected contribution from Anaren post acquisition, TTM estimates that revenue will be in the range of $700 million to $750 million, and non-GAAP net income will be in the range of $0.34 to $0.40 per diluted share.

GUIDANCE:

TTM Technologies sees Q2 2018 EPS of $0.34-$0.40, versus the consensus of $0.33. TTM Technologies sees Q2 2018 revenue of $700-750 million, versus the consensus of $652.27 million.

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

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