TTM Technologies Q1 Profit Soars; Guides Q2 In-line With View - Update

RTT News Monday 9th May, 2011

News ) on Thursday reported a profit for the first quarter that soared from last year, reflecting strong revenue growth. However, revenues missed analysts' expectations and both, net income and revenue declined on a sequential basis. Looking ahead, the company forecast earnings and revenue for the second quarter in line with analysts' estimates. The California-based maker of printed circuit boards said its net income for the first quarter soared to $27.12 million or $0.33 per share from $4.49 million or $0.10 per share in the previous-year quarter. The company had earlier forecast earnings for the quarter in a range of $0.27 to $0.36 per share. Net income, however, declined from $33.03 million or $0.41 per share in the preceding fourth quarter.On an adjusted basis, net income for the quart...

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