Advanced Energy Solution Holding Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS In Line

Advanced Energy Solution Holding (TWSE:6781) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$2.37b (up 4.9% from 3Q 2023).
• Net income: NT$535.5m (up 20% from 3Q 2023).
• Profit margin: 23% (up from 20% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: NT$6.27 (up from NT$5.23 in 3Q 2023).

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

Advanced Energy Solution Holding Revenues Beat Expectations

Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 22% 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 shares are up 16% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Advanced Energy Solution Holding that we have uncovered.

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