TTM Technologies Inc (TTMI) shares soared 13.03% in the after-hours session on Wednesday, following the company's better-than-expected fourth-quarter results and an upbeat outlook for the current quarter. The printed circuit board manufacturer reported solid revenue growth driven by robust demand across its key end markets, particularly Aerospace and Defense, Data Center Computing, and Networking.
According to the earnings report, TTM's fourth-quarter revenue jumped 14.4% year-over-year to $651 million, surpassing analysts' estimates of $630.21 million. The company's non-GAAP earnings per share of $0.60 also beat expectations of $0.47, reflecting improved operating margins and continued strong execution.
Looking ahead, TTM provided an optimistic guidance for the first quarter of 2025, projecting revenue in the range of $600 million to $640 million and non-GAAP earnings per share between $0.37 and $0.43. The company's CEO, Tom Edman, cited ongoing demand strength in the Aerospace and Defense, Data Center Computing, and Networking markets as key drivers for the positive outlook.
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