"While demand in the Aerospace and Defense market remains strong, we have seen a reduction in bookings in our commercial end markets due to inventory reductions, weaker end market demand and production inefficiencies in our Asia Pacific manufacturing facilities due to Chinese New Year. As a result, TTM estimates that revenue for the first quarter of 2023 will be in the range of $550M to $590M, and non-GAAP net income will be in the range of 16c 22c per diluted share. We also announced a plan for the consolidation of our manufacturing footprint in a press release issued today. Consensus for Q1 revenue is $639.45M.
Published first on TheFly
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