Stock Analysis

Hua Hong Semiconductor Second Quarter 2024 Earnings: Revenues Disappoint

SEHK:1347
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Hua Hong Semiconductor (HKG:1347) Second Quarter 2024 Results

Key Financial Results

  • Revenue: US$478.5m (down 24% from 2Q 2023).
  • Net income: US$6.67m (down 92% from 2Q 2023).
  • Profit margin: 1.4% (down from 12% in 2Q 2023). The decrease in margin was driven by lower revenue.
  • EPS: US$0.004 (down from US$0.06 in 2Q 2023).
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SEHK:1347 Earnings and Revenue Growth August 12th 2024

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

Hua Hong Semiconductor Revenues Disappoint

Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Hong Kong.

Performance of the Hong Kong Semiconductor industry.

The company's shares are down 3.9% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Hua Hong Semiconductor that you should be aware of.

Valuation is complex, but we're here to simplify it.

Discover if Hua Hong Semiconductor might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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