TTM Technologies (TTMI) Reports In-Line Q3 EPS

TTM Technologies (NASDAQ: TTMI) reported Q3 EPS of $0.34, in-line with the analyst estimate of $0.34. Revenue for the quarter came in at $556.8 million versus the consensus estimate of $552.74 million.

GUIDANCE:

TTM Technologies sees Q4 2021 EPS of $0.28-$0.34, versus the consensus of $0.36.

• In the fourth quarter, further increases in labor and raw materials costs, along with potential power rationing in China, are expected to negatively affect profitability. As a result, TTM estimates that revenue for the fourth quarter of 2021 will be in the range of $530 million to $570 million, and non-GAAP net income will be in the range of $0.28 to $0.34 per diluted share.

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

You May Also Be Interested In

• Jefferies upgrades Shopify to Buy on AI commerce tailwinds, sees 30% upside
• JPMorgan Starts Shinsegae Inc (004170:KS) at Overweight
• Barclays Downgrades Equity LifeStyle Properties (ELS) to Equalweight