Sumco Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Sumco (TSE:3436) Second Quarter 2024 Results

Key Financial Results

• Revenue: JP¥104.8b (down 5.4% from 2Q 2023).
• Net income: JP¥7.56b (down 37% from 2Q 2023).
• Profit margin: 7.2% (down from 11% in 2Q 2023). The decrease in margin was driven by lower revenue.
• EPS: JP¥21.62 (down from JP¥34.14 in 2Q 2023).

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

Sumco Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 19%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in Japan.

Performance of the Japanese Semiconductor industry.

The company's shares are down 31% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for Sumco that you should be aware of.

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