Neo Performance Materials Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Neo Performance Materials (TSE:NEO) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$111.3m (down 19% from 3Q 2023).
• Net loss: US$2.63m (down by 186% from US$3.07m profit in 3Q 2023).
• US$0.06 loss per share (down from US$0.069 profit in 3Q 2023).

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

Neo Performance Materials Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Chemicals industry in Canada.

Performance of the Canadian Chemicals industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Be aware that Neo Performance Materials is showing 1 warning sign in our investment analysis that you should know about...

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