Movement Alert|TTM Technologies Rises 7.37% in Regular Trading, Strong Earnings and Sector Rebound Continue to Drive Rally

Market Focus
May 22

On May 22, TTM Technologies rose 7.37% in regular trading, trading at $183.00/share, with trading volume of approximately $44.52 million, extending its rebound for a third consecutive trading day.

On the news front, the rally was driven by the company's outstanding first-quarter results and a continued recovery across the Electronic Manufacturing Services sector. TTM reported Q1 net sales growth of 30% year-over-year, marking its highest quarterly revenue on record, while Non-GAAP diluted EPS surged 50% year-over-year. The company's book-to-bill ratio reached 1.41, signaling robust demand. Additionally, Q2 guidance of $930 million to $970 million in net sales exceeded market expectations, further bolstering investor confidence. The stock had previously declined over 15% alongside a broader sector sell-off in mid-May, and the current move represents continued recovery from those lows.

Within the Electronic Manufacturing Services sector, Celestica rose 1.33%, Jabil Circuit rose 0.88%, TE Connectivity rose 0.44%, Flex Ltd fell 0.26%, and Fabrinet fell 0.63%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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