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.)