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Why TTM Technologies Shares Jumped Today

What happened

Shares of circuit board manufacturer TTM Technologies (NASDAQ: TTMI) have jumped today, up by 10% as of 3 p.m. EST, after the company reported fourth-quarter earnings.

So what

Revenue in the fourth quarter came in at $706.5 million, which translated into adjusted earnings per share of $0.58 by the time you reach the bottom line. On a GAAP basis, TTM lost $0.02 per share, which included a $47.8 million pre-tax charge related to debt extinguishment. The results exceeded the high end of management's guidance and profitability similarly came in better than expected.

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