Well Shin Technology Third Quarter 2024 Earnings: EPS Misses Expectations

Well Shin Technology (TWSE:3501) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$1.57b (up 16% from 3Q 2023).
• Net income: NT$117.0m (down 29% from 3Q 2023).
• Profit margin: 7.5% (down from 12% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: NT$0.99 (down from NT$1.40 in 3Q 2023).

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

Well Shin Technology EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.0%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Electrical industry in Taiwan.

Performance of the Taiwanese Electrical industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Well Shin Technology.

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