TTM Technologies has projected its revenue for the first quarter of 2024 to fall between $530 million and $570 million. Additionally, the company anticipates a non-GAAP net income ranging from $0.24 to $0.30 per diluted share during this period. These forecasts are rooted in TTM Technologies’ impressive performance in the preceding quarter, where it exceeded expectations by reporting quarterly earnings of $0.41 per share. This figure surpassed the Zacks Consensus Estimate of $0.37 per share.
TTMIs Mixed Performance on February 7, 2024: A Closer Look at the Leading Provider of Advanced PCB Solutions
TTMI, a leading provider of advanced printed circuit board (PCB) solutions, had a mixed performance on February 7, 2024. Starting the day at $14.58, TTMI opened $0.10 higher than its previous closing price. However, by the time the market closed, TTMI shares had decreased by $0.11, representing a 0.73% drop. Despite the decline, TTMI was still trading above its 200-day simple moving average, indicating a positive long-term trend. TTMI was also trading in the middle of its 52-week range, suggesting no extreme price fluctuations recently. Investors and analysts will closely monitor TTMI’s performance in the coming days to determine any broader trends. Thorough research and analysis are important before making any investment decisions.
TTMI Stock Performance Analysis: February 7, 2024 Revenue, Net Income, and EPS
Title: TTMI Stock Performance on February 7, 2024: Analyzing Revenue, Net Income, and Earnings per Share
Introduction:
On February 7, 2024, TTMI stock witnessed notable movements in its financial indicators, including total revenue, net income, and earnings per share (EPS). This article aims to provide an analysis of TTMI’s stock performance based on the available data from CNN Money.
Total Revenue:
TTMI’s total revenue for the past year stood at $2.50 billion, while in the third quarter (Q3) it reached $572.58 million. Comparing these figures, we observe an increase of 10.95% in total revenue since last year and a 4.77% increase since the previous quarter.
Net Income:
During the past year, TTMI reported a net income of $94.58 million, while in Q3, it experienced a loss of -$37.07 million. Analyzing these figures, we see a significant increase of 73.82% in net income since last year. However, the net income decreased by 643.17% compared to the previous quarter, resulting in a loss.
Earnings per Share:
TTMI’s earnings per share (EPS) for the past year stood at $0.91, while in Q3, it reported a negative EPS of -$0.36. Comparing these figures, we observe a substantial increase of 81.0% in EPS since last year. However, the EPS decreased by 650.08% since the previous quarter, indicating a significant loss.
Stock Performance Implications:
TTMI’s stock performance on February 7, 2024, exhibits a mixed picture. While the company experienced an overall increase in total revenue and net income since last year, the decline in these metrics since the previous quarter might raise concerns among investors. Additionally, the significant drop in EPS since the previous quarter might further dampen investor sentiment.
Conclusion:
TTMI’s stock performance on February 7, 2024, reveals both positive and negative aspects. The company witnessed an increase in total revenue and net income since last year, indicating growth and profitability. However, the decline in these metrics since the previous quarter, along with a significant drop in earnings per share, might raise concerns among investors.
Investors should conduct thorough research and analysis, considering various factors, before making any investment decisions.
