Net Insight Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS In Line

Net Insight (STO:NETI B) Second Quarter 2024 Results

Key Financial Results

• Revenue: kr176.1m (up 40% from 2Q 2023).
• Net income: kr30.4m (up 180% from 2Q 2023).
• Profit margin: 17% (up from 8.6% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: kr0.087 (up from kr0.031 in 2Q 2023).

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

Net Insight Earnings Insights

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Communications industry in Sweden.

Performance of the Swedish Communications industry.

The company's shares are down 3.4% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Net Insight's balance sheet health.

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