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.