Merry Electronics Second Quarter 2024 Earnings: Beats Expectations

Merry Electronics (TWSE:2439) Second Quarter 2024 Results

Key Financial Results

• Revenue: NT$10.3b (up 23% from 2Q 2023).
• Net income: NT$491.6m (up 36% from 2Q 2023).
• Profit margin: 4.8% (up from 4.3% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: NT$2.24 (up from NT$1.69 in 2Q 2023).

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

Merry Electronics Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) also surpassed analyst estimates by 26%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Consumer Durables industry in Asia.

Performance of the market in Taiwan.

The company's shares are down 9.5% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Merry Electronics that we have uncovered.

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