Foxconn Industrial Internet Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Foxconn Industrial Internet (SHSE:601138) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥170.3b (up 40% from 3Q 2023).
• Net income: CN¥6.40b (up 1.2% from 3Q 2023).
• Profit margin: 3.8% (down from 5.2% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: CN¥0.32.

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

Foxconn Industrial Internet Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) missed analyst estimates by 15%.

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in China.

Performance of the Chinese Electronic industry.

The company's shares are down 4.3% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Foxconn Industrial Internet, and understanding it should be part of your investment process.

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