WinWay Technology Third Quarter 2024 Earnings: EPS Misses Expectations

WinWay Technology (TWSE:6515) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$1.93b (up 96% from 3Q 2023).
• Net income: NT$404.2m (up 219% from 3Q 2023).
• Profit margin: 21% (up from 13% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: NT$11.75 (up from NT$3.70 in 3Q 2023).

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

WinWay Technology EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.1%.

Looking ahead, revenue is forecast to grow 38% p.a. on average during the next 2 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 6.7% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on WinWay Technology's balance sheet.

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