TECO Electric & Machinery Second Quarter 2024 Earnings: Misses Expectations

TECO Electric & Machinery (TWSE:1504) Second Quarter 2024 Results

Key Financial Results

• Revenue: NT$14.5b (down 3.6% from 2Q 2023).
• Net income: NT$1.65b (down 22% from 2Q 2023).
• Profit margin: 11% (down from 14% in 2Q 2023).
• EPS: NT$0.78 (down from NT$1.01 in 2Q 2023).

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

TECO Electric & Machinery Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 5.6%. Earnings per share (EPS) also missed analyst estimates by 17%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Electrical industry in Taiwan.

Performance of the Taiwanese Electrical industry.

The company's shares are up 2.0% from a week ago.

Risk Analysis

Be aware that TECO Electric & Machinery is showing 1 warning sign in our investment analysis that you should know about...

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