Suzhou TFC Optical Communication Third Quarter 2024 Earnings: Misses Expectations

Suzhou TFC Optical Communication (SZSE:300394) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥838.8m (up 55% from 3Q 2023).
• Net income: CN¥322.3m (up 59% from 3Q 2023).
• Profit margin: 38% (in line with 3Q 2023).
• EPS: CN¥0.58 (up from CN¥0.37 in 3Q 2023).

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

Suzhou TFC Optical Communication Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates by 19%.

Looking ahead, revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Communications industry in China.

Performance of the Chinese Communications industry.

The company's shares are up 35% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Suzhou TFC Optical Communication has 2 warning signs we think you should be aware of.

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