Chicony Power Technology Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Chicony Power Technology (TWSE:6412) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$10.4b (up 6.4% from 3Q 2023).
• Net income: NT$887.0m (down 5.8% from 3Q 2023).
• Profit margin: 8.6% (down from 9.7% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: NT$2.21 (down from NT$2.36 in 3Q 2023).

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

Chicony Power Technology Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 3.1%.

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

Performance of the Taiwanese Electrical industry.

The company's shares are down 2.4% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Chicony Power Technology has 1 warning sign we think you should be aware of.

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