Nordic Semiconductor Second Quarter 2024 Earnings: EPS Misses Expectations

Nordic Semiconductor (OB:NOD) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$127.9m (down 17% from 2Q 2023).
• Net loss: US$15.1m (down by 195% from US$15.9m profit in 2Q 2023).
• US$0.078 loss per share (down from US$0.083 profit in 2Q 2023).

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

Nordic Semiconductor EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 196%.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Semiconductor industry in Europe.

Performance of the market in Norway.

The company's shares are up 7.3% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Nordic Semiconductor's balance sheet health.

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