Focus Media Information Technology Second Quarter 2024 Earnings: EPS Beats Expectations

Focus Media Information Technology (SZSE:002027) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥3.24b (up 10.0% from 2Q 2023).
• Net income: CN¥1.45b (up 13% from 2Q 2023).
• Profit margin: 45% (up from 44% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.10 (up from CN¥0.089 in 2Q 2023).

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

Focus Media Information Technology EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Media industry in China.

Performance of the Chinese Media industry.

The company's shares are up 1.6% from a week ago.

Risk Analysis

Be aware that Focus Media Information Technology is showing 1 warning sign in our investment analysis that you should know about...

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.