VisEra Technologies Third Quarter 2024 Earnings: Beats Expectations

VisEra Technologies (TWSE:6789) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$2.75b (up 50% from 3Q 2023).
• Net income: NT$576.3m (up by NT$509.1m from 3Q 2023).
• Profit margin: 21% (up from 3.7% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: NT$1.82 (up from NT$0.21 in 3Q 2023).

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

VisEra Technologies Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 2.3%.

Looking ahead, revenue is forecast to grow 10% 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 share price is broadly unchanged from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of VisEra Technologies' balance sheet and an in-depth analysis of the company's financial position.

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