Focus Media Information Technology Third Quarter 2024 Earnings: Revenues Disappoint

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

Key Financial Results

• Revenue: CN¥3.29b (up 4.3% from 3Q 2023).
• Net income: CN¥1.47b (up 7.6% from 3Q 2023).
• Profit margin: 45% (up from 43% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: CN¥0.10 (up from CN¥0.095 in 3Q 2023).

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

Focus Media Information Technology Revenues Disappoint

Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Media industry in China.

Performance of the Chinese Media industry.

The company's shares are up 1.1% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Focus Media Information Technology that you need to be mindful of.

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