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- SEHK:981
Semiconductor Manufacturing International Second Quarter 2024 Earnings: Beats Expectations
Semiconductor Manufacturing International (HKG:981) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$1.90b (up 22% from 2Q 2023).
- Net income: US$164.6m (down 59% from 2Q 2023).
- Profit margin: 8.7% (down from 26% in 2Q 2023).
- EPS: US$0.021 (down from US$0.051 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Semiconductor Manufacturing International Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 130%.
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 up 4.5% from a week ago.
Risk Analysis
It is worth noting though that we have found 2 warning signs for Semiconductor Manufacturing International (1 makes us a bit uncomfortable!) that you need to take into consideration.
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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.
About SEHK:981
Semiconductor Manufacturing International
An investment holding company, engages in the manufacture, testing, and sale of integrated circuits in the United States, China, and Eurasia.
Flawless balance sheet with reasonable growth potential.