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TTM Technologies Falls 27.7% Despite Record Revenue
TTM Technologies shares fell 27.7% on Thursday, despite hitting a record third-quarter revenue of $1.2 billion, up 60%, and adjusted EPS of $1.46 beating estimates. The fourth-quarter EPS and revenue guidance were below consensus, leading to a broader selloff in AI hardware stocks. The company's 2027 earnings forecast beat analyst expectations, but debt risks and recent acquisitions remain concerns.