2023-05-03 04:29:23 ET
- TTM Technologies press release ( NASDAQ: TTMI ): Q1 Non-GAAP EPS of $0.18 misses by $0.01 .
- Revenue of $544.4M (-6.3% Y/Y) misses by $20.08M .
- Non-GAAP net income was $18.6 million, or $0.18 per diluted share
- Operating cash flow of $55.1 million; free cash flow of $24.4 million
- Paid $50 million of Term Loan B
- As a result, TTM estimates that revenue for the second quarter of 2023 will be in the range of $530 million to $570 million (vs. consensus $587.52M), and non-GAAP net income will be in the range of $0.17 to $0.23 per diluted share (vs. consensus $0.28)
For further details see:
TTM Technologies misses estimates on top and bottom line