TTM Technologies slashes first-quarter forecast

Thu Apr 10, 2014 4:42pm EDT

(Reuters) - Printed circuit board maker TTM Technologies Inc (TTMI.O) cut its first-quarter results forecast, saying it was hurt by forex losses following a fall of the Chinese currency against the U.S. dollar.

TTM shares fell 5 percent in after-market trading on the Nasdaq.

The company said it now expected to break even or earn up to 2 cents per share on an adjusted basis, compared with its previous earnings forecast of 3 cents to 9 cents per share.

Revenue is also expected to be at the low end of its prior forecast range of $290 million to $310 million, the company said.

(Reporting By Sampad Patnaik in Bangalore; Editing by Simon Jennings)

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