On August 12, TTM Technologies Inc rose 5.17% in pre-market trading, trading at $137.5/share, with turnover of approximately $899,500.
The move reflects continued investor interest following the company's Q2 earnings release on August 5, which significantly exceeded market expectations. Adjusted EPS came in at $0.99, surpassing the consensus estimate of $0.90 and representing a 70.69% year-over-year increase from $0.58. Revenue reached $10.04 billion, beating the $9.62 billion estimate and growing 37.42% compared to $7.31 billion in the year-ago quarter. Following the results, Truist Securities maintained a Buy rating with a $224 price target, implying significant upside from current levels.
Within the Electronic Manufacturing Services sector, peers showed broad strength: Fabrinet up 5.73%, Celestica up 3.05%, Jabil Circuit up 2.49%, Flex Ltd up 1.90%, and TE Connectivity up 0.75%.
(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.)