TTM Technologies eyes sharpest daily fall in 26 years after data center revenue disappoints

By Reuters News

** Shares of TTM Technologies TTMI.O tumble 29% to $72.62, set for their biggest daily drop since December 2000

** Revenue from data center and networking segment contributed to 41% of Q3 net sales, below the 49% CEO Edwin Roks had forecast

** Roks pointed to customer project timing as the reason for the shortfall

** Printed circuit board maker reports Q3 revenue of $1.20 bln above analyst estimates of 1.13 bln, according to data compiled by LSEG

** Stock also hit by concerns over rising debt in data center-related companies, which triggered a rout in heavily indebted operators such as CoreWeave last week

** Other circuit board makers also fell, Flex FLEX.O down 10.3%, Sanmina SANM.O down 9.5% and Plexus PLXS.O down 7.2%

** Including session's moves, TTMI up 5% YTD

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