SANTA ANA, Calif. (AP) — SANTA ANA, Calif. (AP) — TTM Technologies Inc. (TTMI) on Wednesday reported first-quarter earnings of $32.2 million.
The Santa Ana, California-based company said it had profit of 31 cents per share. Earnings, adjusted for one-time gains and costs, came to 50 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.
The printed circuit board maker posted revenue of $648.7 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $621.9 million.
For the current quarter ending in June, TTM expects its per-share earnings to range from 49 cents to 55 cents.
The company said it expects revenue in the range of $650 million to $690 million for the fiscal second quarter.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TTMI at https://www.zacks.com/ap/TTMI
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