Atea Third Quarter 2024 Earnings: Misses Expectations

Atea (OB:ATEA) Third Quarter 2024 Results

Key Financial Results

• Revenue: kr7.98b (up 3.1% from 3Q 2023).
• Net income: kr192.0m (up 5.5% from 3Q 2023).
• Profit margin: 2.4% (in line with 3Q 2023).
• EPS: kr1.72 (up from kr1.64 in 3Q 2023).

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

Atea Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 5.8%.

Looking ahead, revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the IT industry in Norway.

Performance of the Norwegian IT industry.

The company's shares are up 5.0% from a week ago.

Risk Analysis

Be aware that Atea is showing 1 warning sign in our investment analysis that you should know about...

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