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News Breaks
March 1, 2013
15:28 EDTTTMITTM Technologies discloses adjustments, cuts Q4 non-GAAP EPS to 23c from 26c
TTM Technologies disclosed in a regulatory filing that subsequent to filing its 8-K with the SEC on February 5, the company was notified by a customer of a warranty claim for defective products. The company estimates a potential liability of approximately $650,000 for this claim. The warranty claim resulted in an approximate $650,000 decrease in the company’s Q4 net sales. Net sales are $381.7M for Q4, compared to $382.4M as previously reported. In addition, the company increased the valuation allowance on the deferred tax assets of one of its China-based subsidiaries by approximately $1.6M. The increase in the valuation allowance on the deferred tax assets and the tax impact of the warranty claim resulted in a net increase of $1.3M in the company’s tax provision for Q4. On a non-GAAP basis, the net impact of the above adjustments is a decrease to net income attributable to stockholders for Q4 to $18.6M, or 23c per diluted share, compared to $21.5M, or 26c per diluted share, as previously reported.
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February 8, 2016
17:46 EDTTTMITTM Technologies facility in Anaheim CA experiences fire, minor damage reported
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February 4, 2016
19:30 EDTTTMIOn The Fly: After Hours Movers
UP AFTER EARNINGS: Ubiquiti Networks (UBNT), up 18.3%... Symantec (SYMC), up 9.3%... Hartford Financial (HIG), up 7.4%... Post Holdings (POST), up 6.3%... Lumentum (LITE), up 4.7%... TTM Technologies (TTMI), up 1.1%. ALSO HIGHER: Multi-Fineline (MFLX), up 40% after agreeing to be acquired for $23.95 per share. DOWN AFTER EARNINGS: Tableau Software (DATA), down 35.2%... LinkedIn (LNKD), down 29%... Giga-tronics (GIGA), down 28.6%... Hanesbrands (HBI), down 11.4%... YRC Worldwide (YRCW), down 18.8%... Outerwall (OUTR), down 14.2%... Deckers Outdoor (DECK), down 9.9%... Qorvo (QRVO), down 1.3%... athenahealth (ATHN), down 3.7%. ALSO LOWER: Hess (HES), down 6.7% after filing to sell 25M common shares and 10M depositary shares... Splunk (SPLK) is down 10.4%, Qlik Technologies (QLIK) is down 11.4%, Workday (WDAY) is down 6.2%, and Palo Alto Networks (PANW) is down 3% after Tableau Software reported quarterly results... Groupon (GRPN) is down 1.9%, Netflix (NFLX) is down 1.7%, Twitter (TWTR) is down 1.7%, and Facebook (FB) is down 1% are down after LinkedIn reported quarterly results.
16:35 EDTTTMITTM Technologies sees Q1 EPS 5c-11c, consensus 15c
Sees Q1 revenue $570M-$610M, consensus $599.75M.
16:33 EDTTTMITTM Technologies reports Q4 EPS 31c, consensus 24c
Reports Q4 revenue $668.9M, consensus $655.37M.

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