Tomra Systems Second Quarter 2024 Earnings: Beats Expectations

Tomra Systems (OB:TOM) Second Quarter 2024 Results

Key Financial Results

• Revenue: €333.0m (flat on 2Q 2023).
• Net income: €23.0m (down 15% from 2Q 2023).
• Profit margin: 6.9% (down from 8.1% in 2Q 2023).
• EPS: €0.08 (down from €0.09 in 2Q 2023).

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

Tomra Systems Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 24%. Earnings per share (EPS) also surpassed analyst estimates by 18%.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Machinery industry in Norway.

Performance of the Norwegian Machinery industry.

The company's shares are up 19% from a week ago.

Valuation

Tomra Systems' financial results now indicate the company's shares could be facing some headwinds based on 6 important indicators. To explore our complete evaluation click here and get an understanding of what analysts are thinking about the company's future.

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