Sumco Third Quarter 2024 Earnings: Misses Expectations

Sumco (TSE:3436) Third Quarter 2024 Results

Key Financial Results

• Revenue: JP¥98.4b (down 1.8% from 3Q 2023).
• Net income: JP¥3.65b (down 61% from 3Q 2023).
• Profit margin: 3.7% (down from 9.3% in 3Q 2023). The decrease in margin was primarily driven by higher expenses.
• EPS: JP¥10.42 (down from JP¥26.57 in 3Q 2023).

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

Sumco Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 36%.

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

Performance of the Japanese Semiconductor industry.

The company's shares are up 3.2% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Sumco has 1 warning sign we think you should be aware of.

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