TTM Technologies Slips To Loss In Q3, But Results Top Estimates; Stock Up 9%

RTTNews | 782 일 전
TTM Technologies Slips To Loss In Q3, But Results Top Estimates; Stock Up 9%

(RTTNews) - TTM Technologies, Inc. (TTMI) reported Wednesday a net loss for the third quarter of $37.1 million or $0.36 per share, compared to net income of $43.5 million or $0.42 per share in the prior-year quarter.

Excluding items, adjusted net income for the quarter was $0.43 per share, compared to $0.56 per share in the year-ago quarter.

Net sales for the quarter declined to $572.6 million from $671.1 million in the same quarter last year.

On average, four analysts polled by Thomson Reuters expected the company to report earnings of $0.27 per share on revenues of $570.63 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to the fourth quarter, the company projects adjusted earnings in a range of $0.34 to $0.40 per share on revenues between $550 million and $590 million. The Street is looking for earnings of $0.30 per share on revenues of $584.17 million for the quarter.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
FTSE 100 Slips Nearly 0.5%; Mining Stocks Move Up

FTSE 100 Slips Nearly 0.5%; Mining Stocks Move Up

U.K.'s benchmark index FTSE 100 slipped Monday morning, although gains in the mining sector limited its downside. Shares from utilities and healthcare sectors were under pressure.
RTTNews | 1 시간 19 분 전
CAC 40 Down Nearly 0.5% In Cautious Trade

CAC 40 Down Nearly 0.5% In Cautious Trade

French stocks were largely subdued on Monday with traders seemingly staying away on the sidelines ahead of the upcoming Christmas holidays.
RTTNews | 1 시간 42 분 전
DAX Down Marginally Amid Lackluster Trade

DAX Down Marginally Amid Lackluster Trade

German stocks turned in a mixed performance amid thin volumes Monday morning with investors largely refraining from making big moves ahead of upcoming Christmas holidays. Easing concerns about AI spending and tech valuation, and optimism about Fed interest rate cuts next year aided sentiment, while geopolitical concerns and tensions in Venezuela and negotiations in Ukraine rendered the mood a bit
RTTNews | 2 시간 5 분 전
Sensex, Nifty Close On Firm Note For 2nd Straight Day

Sensex, Nifty Close On Firm Note For 2nd Straight Day

Indian shares closed on a firm note on Monday, gaining for a second straight session, as easing concerns about valuations of technology stocks and hopes of more monetary easing by the Federal Reserve following somewhat soft inflation data helped underpin sentiment.
RTTNews | 2 시간 29 분 전
UK Q3 GDP Growth Confirmed At 0.1%

UK Q3 GDP Growth Confirmed At 0.1%

The UK economy registered a meager growth as initially estimated in the third quarter, the Office for National Statistics said on Monday. Gross domestic product grew by unrevised 0.1 percent sequentially, following the second quarter's 0.2 percent expansion. The growth was driven by increases in services and construction, while industrial output contracted.
RTTNews | 4 시간 12 분 전