Powertech Technology Second Quarter 2024 Earnings: EPS Beats Expectations

Powertech Technology (TWSE:6239) Second Quarter 2024 Results

Key Financial Results

• Revenue: NT$19.6b (up 14% from 2Q 2023).
• Net income: NT$1.83b (up 36% from 2Q 2023).
• Profit margin: 9.3% (up from 7.8% in 2Q 2023).
• EPS: NT$2.45 (up from NT$1.80 in 2Q 2023).

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

Powertech Technology EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.1%.

Looking ahead, revenue is forecast to grow 10% 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 3.5% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Powertech Technology that we have uncovered.

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