Glodon Third Quarter 2024 Earnings: Misses Expectations

Glodon (SZSE:002410) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥1.45b (down 15% from 3Q 2023).
• Net income: CN¥21.4m (up 60% from 3Q 2023).
• Profit margin: 1.5% (up from 0.8% in 3Q 2023).
• EPS: CN¥0.013 (up from CN¥0.008 in 3Q 2023).

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

Glodon Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 84%.

Looking ahead, revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Software industry in China.

Performance of the Chinese Software industry.

The company's shares are down 2.4% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for Glodon that you should be aware of.

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