East Money InformationLtd Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

East Money InformationLtd (SZSE:300059) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥2.51b (down 14% from 2Q 2023).
• Net income: CN¥2.10b (down 4.3% from 2Q 2023).
• Profit margin: 84% (up from 76% in 2Q 2023). The increase in margin was driven by lower expenses.
• EPS: CN¥0.13 (down from CN¥0.14 in 2Q 2023).

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

East Money InformationLtd EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 76%. Earnings per share (EPS) exceeded analyst estimates by 2.2%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Capital Markets industry in China.

Performance of the Chinese Capital Markets industry.

The company's shares are down 3.0% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of East Money InformationLtd's balance sheet and an in-depth analysis of the company's financial position.

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