TCC Group Holdings Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

TCC Group Holdings (TWSE:1101) Second Quarter 2024 Results

Key Financial Results

• Revenue: NT$39.0b (up 41% from 2Q 2023).
• Net income: NT$2.27b (down 29% from 2Q 2023).
• Profit margin: 5.8% (down from 12% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: NT$0.25 (down from NT$0.45 in 2Q 2023).

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

TCC Group Holdings Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 40%.

Looking ahead, revenue is forecast to grow 6.2% p.a. on average during the next 3 years, while revenues in the Basic Materials industry in Asia are expected to remain flat.

Performance of the market in Taiwan.

The company's shares are down 4.8% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for TCC Group Holdings (1 can't be ignored) you should be aware of.

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