TCL Technology Group Third Quarter 2024 Earnings: Misses Expectations

TCL Technology Group (SZSE:000100) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥42.8b (down 11% from 3Q 2023).
• Net income: CN¥530.1m (down 58% from 3Q 2023).
• Profit margin: 1.2% (down from 2.6% in 3Q 2023).
• EPS: CN¥0.029 (down from CN¥0.069 in 3Q 2023).

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

TCL Technology Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 61%.

Looking ahead, revenue is forecast to grow 11% 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 up 11% from a week ago.

Risk Analysis

Be aware that TCL Technology Group is showing 3 warning signs in our investment analysis that you should know about...

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