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News Breaks
January 31, 2013
17:36 EDTSANM, TTMITTM Technologies announces management changes
TTM Technologies (TTMI) announced that Steven Richards, the company's Executive Vice President and CFO has resigned from the company to pursue other interests. Mr. Richards will remain with the company though March 29, 2013 in order to transition his duties to his successor. The company also announced that Todd Schull has been appointed Executive Vice President, effective February 20 and will assume the role of Executive Vice President and CFO of TTM Technologies effective March 2. Schull will report to Alder. Schull brings more than 30 years of financial management experience and electronics industry experience in the U.S., Europe and Asia to his new role. Most recently he served as Senior Vice President of Finance and Corporate Controller at Sanmina (SANM). Schull joins TTM Technologies from Sanmina Corporation, where he served as Senior Vice President of Finance and Corporate Controller.
News For TTMI;SANM From The Last 14 Days
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April 21, 2015
09:22 EDTSANMOn The Fly: Pre-market Movers
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09:13 EDTTTMITTM Technologies raises Q1 non-GAAP EPS view to 13c from 6c-12c
TTM Technologies (TTMI) updated its Q1 guidance in conjunction with its ongoing financing activities related to its previously announced proposed acquisition of Viasystems Group (VIAS). Based on preliminary, unaudited financial results, TTM now expects Q1 revenue to be approximately $329M compared to its previously announced range of $310M-$330M and revenue of $292M in the Q1 of FY14. Sees Q1 non-GAAP EPS 13c per diluted share, compared to its previously announced range of 6c-12c per diluted share and non-GAAP net income of 1c per diluted share in the Q1 of FY14. TTM expects adjusted EBITDA in the Q1 to be approximately $42M, compared to $29M in Q1 of FY14. TTM's first quarter 2015 results are preliminary and are therefore subject to change until completion of TTM's customary quarterly closing and review procedures. TTM expects to report actual results on April 29.
April 20, 2015
18:48 EDTSANMOn The Fly: After Hours Movers
UP AFTER EARNINGS: Lam Research (LRCX), up 9.2%... Fortinet (FTNT), up 9%. ALSO HIGHER: Lumber Liquidators (LL), up 2% after being initiated with a Buy, $45 target at Cantor... Geron (GERN), up 2.2% after being initiated with an Outperform at Oppenheimer... Applied Materials (AMAT), up 1.6% after Lam Research reported quarterly results. DOWN AFTER EARNINGS: Sanmina (SANM), down 10.5%... IBM (IBM), down marginally... Rambus (RMBS), down 3.7%.
18:05 EDTSANMElectronic manufacturing stocks under pressure after Sanmina Q3 results
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16:26 EDTSANMSanmina drops sharply after hours on Q3 EPS view
The stock is down over 9.8% to $21.05 at time of writing. At that price next support is at $20.22. Resistance is at $21.83.
16:23 EDTSANMSanmina Q3 view reflects headwinds in communications networks segment
"I am pleased with our profitability and cash generation in an environment where we had unexpectedly soft revenue," stated Jure Sola, Chairman and Chief Executive Officer. "Our third quarter outlook reflects continued headwind in our communications networks segment offset by growth in the industrial, medical and defense segment."
16:23 EDTSANMSanmina sees Q3 EPS 48c-52c, consensus 56c
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16:21 EDTSANMSanmina reports Q2 EPS 50c, consensus 53c
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15:37 EDTSANMNotable companies reporting after market close
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April 14, 2015
10:01 EDTSANMOn The Fly: Analyst Downgrade Summary
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08:17 EDTSANMSanmina downgraded at Longbow
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08:01 EDTSANMSanmina downgraded to Neutral from Buy at Longbow
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