TTM Technologies Shares Rise After Sharp Earnings-Day Drop
Photo: TokenPost
TTM Technologies shares rose Monday, Oct. 26, following the company’s third-quarter results, after tumbling on earnings day, though they remained below the Oct. 21 closing level. TTM released its quarterly results on Oct. 22. Shares fell sharply that day, gained in the next session and advanced again Monday. Third-quarter net sales totaled $1.204 billion, up from $752.7 million a year earlier. Non-GAAP net income was $157.8 million, or $1.46 per diluted share, up from 67 cents per share. TTM described sales and non-GAAP earnings as quarterly records. GAAP net income was $84.8 million.
Source: TokenPost
