Semiconductor Manufacturing International Third Quarter 2024 Earnings: EPS Misses Expectations

Semiconductor Manufacturing International (HKG:981) Third Quarter 2024 Results

Key Financial Results

• Revenue: CN¥16.3b (up 38% from 3Q 2023).
• Net income: CN¥1.05b (up 53% from 3Q 2023).
• Profit margin: 6.4% (up from 5.8% in 3Q 2023).
• EPS: CN¥0.13 (up from CN¥0.087 in 3Q 2023).

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

Semiconductor Manufacturing International EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 18%.

Looking ahead, revenue is forecast to grow 13% 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 11% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Semiconductor Manufacturing International.

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