Nanya Technology First Quarter 2024 Earnings: Misses Expectations

Nanya Technology (TWSE:2408) First Quarter 2024 Results

Key Financial Results

• Revenue: NT$9.50b (up 48% from 1Q 2023).
• Net loss: NT$1.21b (loss narrowed by 28% from 1Q 2023).
• NT$0.39 loss per share (improved from NT$0.54 loss in 1Q 2023).

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

Nanya Technology Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 1.9%.

Looking ahead, revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Semiconductor industry in Taiwan.

Performance of the Taiwanese Semiconductor industry.

The company's shares are up 5.3% from a week ago.

Risk Analysis

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

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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.