ASMPT Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

ASMPT (HKG:522) Third Quarter 2024 Results

Key Financial Results

• Revenue: HK$3.34b (down 3.7% from 3Q 2023).
• Net income: HK$25.9m (up 77% from 3Q 2023).
• Profit margin: 0.8% (up from 0.4% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: HK$0.063 (up from HK$0.035 in 3Q 2023).

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

ASMPT Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 88%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Semiconductor industry in Hong Kong.

Performance of the Hong Kong Semiconductor industry.

The company's shares are down 5.0% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for ASMPT that you should be aware of.

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