TTM Technologies Q4 Adj EPS $0.41 Beats $0.36 Estimate, Sales $569.04M Miss $572.03M Estimate
Portfolio Pulse from Benzinga Newsdesk
TTM Technologies (NASDAQ:TTMI) reported Q4 adjusted EPS of $0.41, surpassing the $0.36 estimate, but its sales of $569.04M fell short of the $572.03M estimate. This represents a 7.80% decrease in sales compared to the same period last year.
February 07, 2024 | 1:01 pm
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TTM Technologies reported a Q4 adjusted EPS of $0.41, beating estimates, but sales of $569.04M missed expectations and showed a 7.80% YOY decrease.
While TTMI beat EPS estimates, the miss on sales and the year-over-year decrease could temper investor enthusiasm, leading to a neutral short-term impact. The EPS beat indicates operational efficiency, but the sales miss and decrease highlight potential market or operational challenges.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100