TTM Technologies (TTMI) Misses Q1 EPS by 2c, Revenues Miss; Offers 2Q EPS/Revenue Guidance Below Consensus
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TTM Technologies, Inc. Reports Fiscal First Quarter 2019 Results
May 1, 2019 4:05 PM EDTCOSTA MESA, Calif., May 01, 2019 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ: TTMI), a leading global printed circuit board (PCB) and radio frequency (RF) components manufacturer, today reported results for the first quarter of fiscal 2019, which ended on April 1, 2019.
First Quarter 2019 Highlights
Net sales were $620.2 millionGAAP net income was a loss of $3.3 million, or ($0.03) per shareNon-GAAP net income was $16.4 million, or $0.16 per diluted share, inclusive of $0.03 of foreign exchange lossesCash flow from operations of $36.9 millionRepaid $30 million of our Term Loan B... More