Radiant Opto-Electronics Third Quarter 2024 Earnings: EPS Beats Expectations

Radiant Opto-Electronics (TWSE:6176) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$14.2b (up 24% from 3Q 2023).
• Net income: NT$1.69b (down 11% from 3Q 2023).
• Profit margin: 12% (down from 17% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: NT$3.64 (down from NT$4.10 in 3Q 2023).

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

Radiant Opto-Electronics EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 1.4% 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 7.5% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Radiant Opto-Electronics you should be aware of, and 1 of them is potentially serious.

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