Global Unichip First Quarter 2024 Earnings: Revenues Disappoint

Global Unichip (TWSE:3443) First Quarter 2024 Results

Key Financial Results

• Revenue: NT$5.69b (down 13% from 1Q 2023).
• Net income: NT$662.6m (down 29% from 1Q 2023).
• Profit margin: 12% (down from 14% in 1Q 2023). The decrease in margin was driven by lower revenue.
• EPS: NT$4.94 (down from NT$6.97 in 1Q 2023).

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

Global Unichip Revenues Disappoint

Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 21% 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 14% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Global Unichip that you need to take into consideration.

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