TTM Technologies Q1 2024 Adj EPS $0.31 Beats $0.27 Estimate, Sales $570.113M Beat $551.761M Estimate
Portfolio Pulse from Benzinga Newsdesk
TTM Technologies (NASDAQ:TTMI) reported Q1 2024 adjusted EPS of $0.31, surpassing the $0.27 estimate, with sales of $570.113M also beating the $551.761M estimate. This represents a 72.22% increase in earnings and a 4.72% increase in sales from the same period last year.
May 01, 2024 | 12:11 pm
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POSITIVE IMPACT
TTM Technologies reported a significant beat on both earnings and sales estimates for Q1 2024, with a notable year-over-year growth in earnings and sales.
TTM Technologies' earnings and sales beat not only demonstrates the company's strong performance but also suggests potential investor confidence and positive market reaction. The significant year-over-year growth in earnings (72.22%) and sales (4.72%) further underscores the company's upward trajectory, likely leading to a positive short-term impact on its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100