Truecaller Third Quarter 2024 Earnings: EPS Misses Expectations

Truecaller (STO:TRUE B) Third Quarter 2024 Results

Key Financial Results

• Revenue: kr458.9m (up 15% from 3Q 2023).
• Net income: kr117.8m (up 12% from 3Q 2023).
• Profit margin: 26% (in line with 3Q 2023).
• EPS: kr0.34 (up from kr0.29 in 3Q 2023).

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

Truecaller EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.6%.

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Sweden.

Performance of the Swedish Software industry.

The company's shares are down 8.4% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Truecaller's balance sheet health.

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