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ELAN Microelectronics Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
ELAN Microelectronics (TWSE:2458) Second Quarter 2024 Results
Key Financial Results
- Revenue: NT$3.15b (up 3.6% from 2Q 2023).
- Net income: NT$738.4m (up 49% from 2Q 2023).
- Profit margin: 23% (up from 16% in 2Q 2023). The increase in margin was primarily driven by lower expenses.
- EPS: NT$2.58 (up from NT$1.74 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
ELAN Microelectronics EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 17%.
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan.
Performance of the Taiwanese Semiconductor industry.
The company's shares are up 4.4% from a week ago.
Risk Analysis
You still need to take note of risks, for example - ELAN Microelectronics has 1 warning sign we think you should be aware of.
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About TWSE:2458
ELAN Microelectronics
A semiconductor company, engages in the production and sale of human-machine interface solutions for notebook PCs, smartphones, tablets, and consumer electronics applications in Taiwan, Mainland China, Hong Kong, and internationally.