Movement Alert|TTM Technologies Inc Pre-Market Rise 5.17%, Continued Capital Inflows Following Q2 Earnings Beat

Market Focus
Aug 12

On August 12, TTM Technologies Inc rose 5.17% in pre-market trading, trading at $137.5/share, with turnover of approximately $899,500.

The move reflects continued investor interest following the company's Q2 earnings release on August 5, which significantly exceeded market expectations. Adjusted EPS came in at $0.99, surpassing the consensus estimate of $0.90 and representing a 70.69% year-over-year increase from $0.58. Revenue reached $10.04 billion, beating the $9.62 billion estimate and growing 37.42% compared to $7.31 billion in the year-ago quarter. Following the results, Truist Securities maintained a Buy rating with a $224 price target, implying significant upside from current levels.

Within the Electronic Manufacturing Services sector, peers showed broad strength: Fabrinet up 5.73%, Celestica up 3.05%, Jabil Circuit up 2.49%, Flex Ltd up 1.90%, and TE Connectivity up 0.75%.

(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.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10