TTM Technologies Q2 Adj EPS $0.32 Beats $0.21 Estimate, Sales $546.51M Miss $551.86M Estimate
Portfolio Pulse from Benzinga Newsdesk
TTM Technologies reported Q2 earnings of $0.32 per share, beating the analyst consensus estimate of $0.21 by 52.38%. However, this is a 40.74% decrease from the same period last year. The company's quarterly sales of $546.51 million missed the analyst consensus estimate of $551.86 million by 0.97%, marking a 12.64% decrease from the same period last year.
August 04, 2023 | 11:10 am
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TTM Technologies' Q2 earnings beat estimates but were lower than last year. Sales missed estimates and were also lower than last year.
TTM Technologies' Q2 earnings beat estimates, which is positive. However, the fact that both earnings and sales are lower than the same period last year is negative. The missed sales estimates could also negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100