On May 26, TTM Technologies rose 5.11% in regular trading, trading at $199.52/share, with trading volume of approximately $357 million, extending its consecutive rebound trend over recent sessions.
On the news front, the company previously reported exceptionally strong first-quarter results. Net sales grew 30% year-over-year, setting a record for the highest quarterly revenue in company history. Non-GAAP diluted earnings per share surged 50% year-over-year, while a book-to-bill ratio of 1.41 signaled robust end-market demand. Additionally, management issued second-quarter guidance calling for net sales of $930 million to $970 million, exceeding market expectations and providing continued fundamental support for the share price recovery.
At the industry level, the Electronic Manufacturing Services sector extended its recovery trend, with Flex Ltd up 7.83%, TE Connectivity up 4.24%, Jabil Circuit up 3.56%, and Celestica up 0.94%, creating a favorable environment for TTM Technologies' continued upward momentum.
(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.)