Movement Alert|TTM Technologies Rises 7.37% in Regular Trading, Strong Earnings and Sector Rebound Continue to Drive Rally

Market Focus
05/22

On May 22, TTM Technologies rose 7.37% in regular trading, trading at $183.00/share, with trading volume of approximately $44.52 million, extending its rebound for a third consecutive trading day.

On the news front, the rally was driven by the company's outstanding first-quarter results and a continued recovery across the Electronic Manufacturing Services sector. TTM reported Q1 net sales growth of 30% year-over-year, marking its highest quarterly revenue on record, while Non-GAAP diluted EPS surged 50% year-over-year. The company's book-to-bill ratio reached 1.41, signaling robust demand. Additionally, Q2 guidance of $930 million to $970 million in net sales exceeded market expectations, further bolstering investor confidence. The stock had previously declined over 15% alongside a broader sector sell-off in mid-May, and the current move represents continued recovery from those lows.

Within the Electronic Manufacturing Services sector, Celestica rose 1.33%, Jabil Circuit rose 0.88%, TE Connectivity rose 0.44%, Flex Ltd fell 0.26%, and Fabrinet fell 0.63%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

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