Stock Analysis
- China
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- SHSE:688728
GalaxyCore Second Quarter 2024 Earnings: Misses Expectations
GalaxyCore (SHSE:688728) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥1.50b (up 37% from 2Q 2023).
- Net income: CN¥47.3m (down 56% from 2Q 2023).
- Profit margin: 3.2% (down from 9.7% in 2Q 2023).
- EPS: CN¥0.022 (down from CN¥0.054 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
GalaxyCore Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 67%.
Looking ahead, revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Semiconductor industry in China.
Performance of the Chinese Semiconductor industry.
The company's shares are down 3.5% from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with GalaxyCore (including 1 which makes us a bit uncomfortable).
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About SHSE:688728
GalaxyCore
Operates as an IC design company, designs, develops, manufactures, and sells complementary metal oxide semiconductor (CMOS) image sensors and display driver chips worldwide.