TTM Technologies Up 11.5% After Raising Guidance (TTMI)

Shares of TTM Technologies, Inc. TTMI are trading up 11.5% at $16.30 per share during the Thursday morning trading session. The company announced before the market opened on Thursday morning that increased demand led to the company raising its fourth quarter 2010 revenue guidance to be in the range of $375 million to $378 million, up from the previous forecast in the range of $351 million to $367 million. The company also said that earnings are now expected to be in the range of 38 cents to 43 cents per share, up from the previous forecast in the range of 28 cents to 35 cents per share. The day's trading range for shares of TTM Technologies, Inc has been between $15.50 and a 52-week high of $16.35 per share. Analysts covering TTM Technologies, Inc. (TTMI) stock give it a consensus price target of $17.40 per share. Trading volume for TTM Technologies, Inc has been heavier than usual, with 1.1 million shares having been traded today, already more than double the daily average volume of 505,000 shares. TTM Technologies, Inc is a major global printed circuit board manufacturer, focusing on quick-turn and technologically advanced PCBs and the backplane and sub-system assembly business. TTM stands for time-to-market, representing how the company's time-critical, one-stop manufacturing services enable customers to shorten the time required to develop new products and bring them to market. Read more from Benzinga's Company news.