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

RTTNews | 730 days ago
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
Swiss Market Settles Moderately Lower

Swiss Market Settles Moderately Lower

The Switzerland market ended weak on Friday, in line with markets across Europe, as investors chose to trim down positions at several counters, continuing to react to earnings updates and assessing the developments on the trade front.
RTTNews | 3h 1min ago
European Markets Close Weak After Cautious Session

European Markets Close Weak After Cautious Session

European markets closed weak on Friday, as investors reacted to a slew of earnings updates, regional economic data, and continued to assess the recent policy announcements from major central banks, and the developments on the trade front.
RTTNews | 3h 24min ago
Chicago Business Barometer Climbs More Than Expected But Still Indicates Contraction

Chicago Business Barometer Climbs More Than Expected But Still Indicates Contraction

A reading on Chicago-area business activity increased by more than expected in the month of October but continued to indicate contraction, according to a report released by MNI Indicators on Friday. The report said the Chicago business barometer climbed to 43.8 in October after slipping to 40.6 in September. Economists had expected the index to show a more modest increase to 42.3.
RTTNews | 7h 7min ago
Eurozone Inflation Softens On Energy Prices

Eurozone Inflation Softens On Energy Prices

Eurozone inflation softened in October largely due to the fall in energy prices, while core consumer prices registered a steady growth, official data revealed Friday. The harmonized index of consumer prices rose 2.1 percent on a yearly basis, following a 2.2 percent rise in September, flash estimate from Eurostat showed. Inflation came in line with expectations.
RTTNews | 7h 44min ago
Bay Street May Open On Positive Note

Bay Street May Open On Positive Note

The Canadian market may open on a positive note on Friday as technology stocks are likely to see some brisk buying thanks to encouraging earnings guidance from U.S. tech majors Apple Inc., and Amazon.
RTTNews | 8h 37min ago