Why Shares of TTM Technologies Sank Today
Shares of TTM Technologies (NASDAQ: TTMI) slumped on Thursday after the printed circuit board manufacturer reported its third-quarter results. While revenue beat analyst expectations, the bottom line came up short. The stock was down 11.7% at 1 p.m. EDT.
TTM reported third-quarter revenue of $716.8 million, down 5.2% year over year but $7.3 million higher than the average analyst estimate. Strength in the aerospace, defense, and cellular end markets was more than offset by weakness in other end markets.
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Source Fool.com
