Formosa Chemicals & Fibre Third Quarter 2024 Earnings: Misses Expectations

Formosa Chemicals & Fibre (TWSE:1326) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$86.9b (flat on 3Q 2023).
• Net loss: NT$1.92b (down by 126% from NT$7.50b profit in 3Q 2023).
• NT$0.33 loss per share (down from NT$1.28 profit in 3Q 2023).

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

Formosa Chemicals & Fibre Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 5.9% growth forecast for the Chemicals industry in Taiwan.

Performance of the Taiwanese Chemicals industry.

The company's shares are down 6.0% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Formosa Chemicals & Fibre that you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.