TTM Technologies Inc. (TTMI) Tuesday reported a profit for the second quarter compared to a loss last year, due mainly to lower operating expenses.
The Santa Ana, California-based company's second-quarter net profit attributable to stockholders was $7.41 million or $0.09 per share, compared to a net loss of $20.90 million or $0.26 per share last year.
For the quarter, adjusted income attributable to stockholders declined to $13.63 million or $0.17 per share from $32.92 million or $0.40 per share in the prior-year quarter. On average, five analysts polled by Thomson Reuters expected the company to earn $0.23 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter dropped to $327.42 million from $366.12 million in the prior-year quarter. Six analysts had a consensus revenue estimate of $329.19 million for the quarter.
For the quarter, total operating expenses decreased to $36.56 million from $85.88 million in the year-ago quarter.
Looking ahead, the company expects third quarter net income attributable to stockholders in the range of $0.08 to $0.16 per share and adjusted earnings attributable to stockholders to range between $0.16 and $0.24 per share. Revenues for the third quarter are anticipated in the range of $340 million to $360 million. Analysts currently expect the company to earn $0.33 per share for the quarter, with revenues of $362.32 million.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.