TTM Technologies Second Quarter 2024 Earnings: Beats Expectations

TTM Technologies (NASDAQ:TTMI) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$605.1m (up 11% from 2Q 2023).
• Net income: US$26.4m (up 286% from 2Q 2023).
• Profit margin: 4.4% (up from 1.2% in 2Q 2023).
• EPS: US$0.26 (up from US$0.066 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

TTM Technologies Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 50%.

Looking ahead, revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Electronic industry in the US.

Performance of the American Electronic industry.

The company's shares are down 9.2% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for TTM Technologies that we have uncovered.

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