Teleste Oyj Second Quarter 2024 Earnings: Misses Expectations

Teleste Oyj (HEL:TLT1V) Second Quarter 2024 Results

Key Financial Results

• Revenue: €29.8m (down 26% from 2Q 2023).
• Net loss: €1.07m (loss widened by €954.0k from 2Q 2023).
• €0.06 loss per share (further deteriorated from €0.006 loss in 2Q 2023).

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

Teleste Oyj Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 14%. Earnings per share (EPS) also missed analyst estimates by 100%.

Looking ahead, revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Communications industry in Europe.

Performance of the market in Finland.

The company's shares are down 3.1% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Teleste Oyj (1 is potentially serious!) that you need to be mindful of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.