TTM Technologies Inc Issues Q4 2013 Guidance Below Analysts' Estimates; Announces Retirement Of Kent Alder And Names Thomas T. Edman As Next Chief Executive Officer

Wednesday, 30 Oct 2013 04:05pm EDT 

TTM Technologies Inc announced that for the fourth quarter of 2013, it estimates revenue to be in the range of $350 million to $370 million, and non-GAAP earnings attributable to stockholders in the range of $0.18 to $0.24 per diluted share. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $386 million and EPS of $0.26 for the fourth quarter of 2013. The Company also announced that Kenton K. Alder, TTM's CEO, will retire effective January 1, 2014 and that its Board of Directors will appoint Thomas T. Edman, the company's President, as its next Chief Executive Officer. Mr. Alder, TTM's CEO since the Company's founding in 1998, will continue to serve as a member of the Board of Directors. For one year, he will also be an advisor to the new CEO and will provide counsel on strategy and be involved in special projects. 

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-0.06 -0.88%
21 Nov 2014