Novatek Microelectronics Third Quarter 2024 Earnings: EPS Misses Expectations

Novatek Microelectronics (TWSE:3034) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$27.9b (down 3.7% from 3Q 2023).
• Net income: NT$5.26b (down 17% from 3Q 2023).
• Profit margin: 19% (down from 22% in 3Q 2023).
• EPS: NT$8.64 (down from NT$10.46 in 3Q 2023).

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

Novatek Microelectronics EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.8%.

Looking ahead, revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Semiconductor industry in Taiwan.

Performance of the Taiwanese Semiconductor industry.

The company's shares are down 2.5% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Novatek Microelectronics has 1 warning sign we think you should be aware of.

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