Wondershare Technology Group Second Quarter 2024 Earnings: Misses Expectations

Wondershare Technology Group (SZSE:300624) Second Quarter 2024 Results

Key Financial Results

• Revenue: CN¥347.3m (down 4.4% from 2Q 2023).
• Net loss: CN¥1.16m (down by 105% from CN¥23.0m profit in 2Q 2023).
• CN¥0.006 loss per share (down from CN¥0.12 profit in 2Q 2023).

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

Wondershare Technology Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 26%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Software industry in China.

Performance of the Chinese Software industry.

The company's shares are down 3.4% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Wondershare Technology Group's balance sheet health.

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