Melexis Third Quarter 2024 Earnings: In Line With Expectations

Melexis (EBR:MELE) Third Quarter 2024 Results

Key Financial Results

• Revenue: €247.9m (flat on 3Q 2023).
• Net income: €51.2m (down 10.0% from 3Q 2023).
• Profit margin: 21% (down from 23% in 3Q 2023).
• EPS: €1.27 (down from €1.41 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Melexis Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Europe.

Performance of the market in Belgium.

The company's shares are down 15% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Melexis.

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