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Nuvoton Technology Second Quarter 2024 Earnings: Misses Expectations
Nuvoton Technology (TWSE:4919) Second Quarter 2024 Results
Key Financial Results
- Revenue: NT$8.23b (down 8.1% from 2Q 2023).
- Net loss: NT$21.3m (down by 105% from NT$442.8m profit in 2Q 2023).
- NT$0.05 loss per share (down from NT$1.06 profit in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Nuvoton Technology Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is forecast to grow 13% 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 down 26% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 3 warning signs for Nuvoton Technology that you should be aware of.
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About TWSE:4919
Nuvoton Technology
Operates as a semiconductor company.