Net Insight Third Quarter 2024 Earnings: Beats Expectations

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

Key Financial Results

• Revenue: kr155.9m (up 8.3% from 3Q 2023).
• Net income: kr17.1m (up 5.5% from 3Q 2023).
• Profit margin: 11% (in line with 3Q 2023).
• EPS: kr0.049 (up from kr0.046 in 3Q 2023).

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

Net Insight Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 6.5%. Earnings per share (EPS) also surpassed analyst estimates by 67%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Communications industry in Sweden.

Performance of the Swedish Communications industry.

The company's shares are down 8.7% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Net Insight's balance sheet and an in-depth analysis of the company's financial position.

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