Nordic Semiconductor Third Quarter 2024 Earnings: Beats Expectations

Nordic Semiconductor (OB:NOD) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$158.8m (up 18% from 3Q 2023).
• Net income: US$6.17m (up 424% from 3Q 2023).
• Profit margin: 3.9% (up from 0.9% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$0.032 (up from US$0.006 in 3Q 2023).

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

Nordic Semiconductor Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Europe.

Performance of the market in Norway.

The company's shares are up 4.2% from a week ago.

Risk Analysis

We should say that we've discovered 1 warning sign for Nordic Semiconductor that you should be aware of before investing here.

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