Stock Track | TTM Technologies Soars 5.20% in Pre-market on Strong Earnings, Guidance and Sector Recovery

Stock Track
May 26

TTM Technologies Inc's stock surged 5.20% during pre-market trading on Tuesday, extending its recent upward momentum.

The rally was driven by the company's record-breaking first-quarter financial results, which showed net sales surging approximately 30% year-over-year to $846 million, marking the highest quarterly revenue in its history. Non-GAAP diluted earnings per share jumped 50% year-over-year, while the book-to-bill ratio reached 1.41, signaling robust market demand for the company's products and services.

Additionally, TTM Technologies provided strong second-quarter guidance, projecting net sales between $930 million and $970 million, exceeding market expectations. The positive sentiment was further supported by a broader recovery in the Electronic Manufacturing Services sector, with multiple industry peers also posting gains, creating a favorable environment for the stock's continued ascent.

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